Updated Dec 20, 2023
James Juliano Acquires Multifamily Property On Metropolitan Avenue In Williamsburg
760 Metropolitan Avenue, Williamsburg, Brooklyn, NY, USA
$3,025,000
$620/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Dec 30, 2020
About this deal
AI
The multifamily property located at 760 Metropolitan Avenue in Williamsburg, Brooklyn has been sold. The property is zoned as R7A and C2-4 and is situated in a vibrant market. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo from NewYorkMultifamily and MarcusMillichap_NY.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,025,000
- Address: 760 Metropolitan Avenue
- Market: Williamsburg, Brooklyn
- Zoning: R7A, C2-4
James Juliano purchased the property from The Polimine Family. The transaction was completed on 12/31/2020. The property has a building square footage of 10,000 with a price per square foot of $302. The total lot size is 4,875 square feet, with a price per square foot of $620.
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
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93