Feldman Family Sells Williamsburg Multifamily For $17.5M With John Barney & Greg Melanson - Weber Frank Involved
65 Roebling Street
$17,500,000
$331/SF
Building Size
52,797 SF
Asset Type
MultiFamily
Closing
Oct 13, 2022
AI
The multifamily property located at 65 & 83 Roebling Street in Williamsburg has been sold. The transaction was handled by John Barney & Greg Melanson from Weber Frank on behalf of the seller, the Feldman Family. 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, with a price per square foot of $331. The sale price for this property was $17,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Units: 55
- Price per Unit: $318,182
- Square Footage: 52,797
- Price per Square Foot: $331
- Address: 65 & 83 Roebling Street
- Market: Williamsburg
John Barney & Greg Melanson from Weber Frank represented the Feldman Family in this transaction. Their expertise and experience in the real estate market were instrumental in facilitating the sale of this multifamily property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93