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161 Roebling Street, Brookl...

Aperture Holdings Acquires Multifamily Property In Williamsburg, Brooklyn For $4.85M
SOLDMultiFamily

Aperture Holdings Acquires Multifamily Property In Williamsburg, Brooklyn For $4.85M

161 Roebling Street, Brooklyn, NY 11211

$4,850,000

$776/SF

Building Size

6,245 SF

Asset Type

MultiFamily

Closing

Jan 7, 2022

AI

A multifamily property located at 161 Roebling Street in Williamsburg, Brooklyn has been sold for $4,850,000. The property consists of 7 units with a price per unit (PPU) of $692,857. The total square footage of the property is 6,245, with a price per square foot (PPSF) of $776.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,850,000
  • Units: 7
  • Price per Unit (PPU): $692,857
  • Square Footage (SF): 6,245
  • Price per Square Foot (PPSF): $776
  • Market: Williamsburg, Brooklyn

The buyer of the property is Aperture Holdings, represented by Douglas Baillie and Pir Granoff. The seller is Cynthia Schlegel. The broker for the transaction is Patrick Madigan from JLL.

Players

Patrick Madigan

Avison Young

Broker

$519.2M

vol

23 deals

Broker
JLL
JLLBrokerage
Pir Granoff

Pir Granoff

Aperture Holdings

Buyer

$33M

vol

9 deals

Buyer

Cynthia Schlegel

EcoRise Development

Seller

$85M

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

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93