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65 Maspeth Avenue, Brooklyn...

Updated Dec 22, 2023

William W. Harsh Acquires Apartment In Williamsburg, Brooklyn For $15.4M
SOLDMultiFamily

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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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $542 per square foot on a published $15.4M for 28,444 square feet (2022).

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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

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