Updated Oct 25, 2024
Sam Rottenberg Acquires Williamsburg Multifamily From Christopher Terlik & Stephanie Rosenzweig
864 Metropolitan Ave, Brooklyn, NY 11211, USA
$1,600,000
$426/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
About this deal
AI
The multifamily property located at 864 Metropolitan Avenue in Williamsburg, Brooklyn, has been sold in a closed transaction. The property spans 3,750 square feet, with a price per square foot of $426. The property was listed with an asking price of $1,850,000 and ultimately sold for $1,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 864 Metropolitan Avenue
- Market: Williamsburg, Brooklyn
The seller of the property was Christopher Terlik and Stephanie Rosenzweig. The buyer, Sam Rottenberg, acquired the property through the representation of Bestreich Realty Group, with brokers Donal Flaherty, Luke Sproviero, and Derek Bestreich involved in the transaction.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93