Updated Dec 22, 2023
William W. Harsh Acquires Apartment In Williamsburg, Brooklyn For $15.4M
65 Maspeth Avenue, Brooklyn, New York 11211, United States
$15,425,000
$542/SF
Building Size
28,444 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The apartment located at 65 Maspeth Avenue in Williamsburg, Brooklyn was sold on January 27, 2022. The property, zoned as R6A, has a floor area ratio (FAR) of 6.02. The apartment falls under tax class 2 and has a lot size of 4,725 square feet. The last recorded sale of the property was on December 20, 2010, for $6,500,000. An alteration permit was obtained on January 22, 2019. The lot dimension measures 70 feet by 65.25 feet.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $15,425,000
- Buyer: William W. Harsh
- Seller: Yoseph Manor
- Building Square Footage (BSF): 14,175
- Price per BSF: $1,088
- Total Square Footage (SF): 28,444
- Price per SF: $542
The buyer, William W. Harsh, acquired the apartment from the seller, Yoseph Manor. The purchase price for the property was $15,425,000. The transaction involved a BSF of 14,175 square feet, resulting in a price per BSF of $1,088. The total square footage of the property is 28,444, with a price per SF of $542.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93