Updated Dec 21, 2023
Gorjian Acquisitions Acquires Multifamily Property In Williamsburg, Brooklyn For $2.35M
83 Seigel Street, Brooklyn, NY 11206, USA
$2,350,000
$439/SF
Building Size
5,350 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
A multifamily property located at 83 Seigel Street in Williamsburg, Brooklyn has been sold for a price of $2,350,000. The property spans approximately 5,350 square feet, resulting in a price per square foot of $439.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 83 Seigel Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyers in this transaction were Gorjian Acquisitions, represented by Jordan Gorjian and Joel J. Gorjian, as well as Neue Urban, represented by Zach Ehrlich and Noam Klemer. The deal was facilitated by Shaun Riney and Mike Salvatico from NewYorkMultifamily and MarcusMillichap_NY respectively.
Gorjian Acquisitions is a nationwide real estate buyer actively looking for new deals in the 5 boroughs. For any interesting deals, they can be reached at [email protected] and [email protected]. The company focuses on mostly free market residential deals, with or without retail.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93