Sam Rottenberg Acquires Williamsburg Multifamily From Christopher Terlik & Stephanie Rosenzweig
SOLD
$1,600,000
+ 1
New York
See Similar DealsMultiFamily3,750 SF
Sold 11/30/2020
SOLD
Sam Rottenberg Acquires Williamsburg Multifamily From Christopher Terlik & Stephanie Rosenzweig
864 Metropolitan Ave, Brooklyn, NY 11211, USA
See Similar DealsMultiFamily3,750 SF
Sold 11/30/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:3,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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