facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

65 Roebling Street

Feldman Family Sells Williamsburg Multifamily For $17.5M With John Barney & Greg Melanson - Weber Frank Involved
SOLDMultiFamily

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

Gregory Melanson

Weber Frank Real Estate

Broker

$91.1M

vol

19 deals

Broker

Feldman Family

Seller

$30.7M

vol

3 deals

Seller

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