Feldman Family Sells Multifamily Asset In Williamsburg For $17.5M
205 North 7th Street
$9,300,000
$124/SF
Building Size
74,950 SF
Asset Type
MultiFamily
Closing
May 11, 2020
AI
The multifamily property located at 65 & 83 Roebling Street in Williamsburg was recently sold for $17,500,000. The property consists of 55 units, with an average price per unit of $318,182. The total square footage of the property is 52,797, resulting in a price per square foot of $331.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Address: 65 & 83 Roebling Street
- Market: Williamsburg
- Units: 55
- Price per Unit: $318,182
- Square Footage: 52,797
- Price per Square Foot: $331
The sale was facilitated by John Barney & Greg Melanson from Weber Frank. They represented the seller, Feldman Family, in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93