Updated Dec 21, 2023
Roie Telyas Acquires Multifamily Property In South Williamsburg For $1.85M
70 S 3rd St, Brooklyn, NY 11249, USA
$1,850,000
$92/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
May 29, 2019
About this deal
AI
The multifamily property located at 70 South 3rd Street in South Williamsburg has been sold in a closed transaction. The property spans 2,000 square feet, with an asking price of $1,999,000 and a sale price of $1,850,000, resulting in a price per square foot of $925. The transaction took place on 05/30/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 70 South 3rd Street
- Market: South Williamsburg
The seller of the property was Margarita Rentas, while the buyer was Roie Telyas. Max Sherman and Kevin Loh represented the seller, and Michal Kuras represented the buyer as their representative in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93