Ron Frieden Acquires Multifamily Property In Williamsburg, Brooklyn For $1.875M
SOLD
$1,875,000
+ 1
New York
See Similar DealsMultiFamily5,625 SF
Sold 05/12/2021
SOLD
Ron Frieden Acquires Multifamily Property In Williamsburg, Brooklyn For $1.875M
91 North 4th Street, Brooklyn, NY 11249
See Similar DealsMultiFamily5,625 SF
Sold 05/12/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:5,625 SF
Transaction Type:Sale
An multifamily property located at 91 N. 4th Street in Williamsburg, Brooklyn has been sold for $1,875,000. The property consists of 6 units and spans 5,625 square feet. The sale price per square foot was $333, and the price per unit was $312,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Address: 91 N. 4th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Buyer: Ron Frieden
- Seller: Thomas Klosinski - Corigin Real Estate
- Brokers: Justin Zeitchik, Derek Bestreich, Luke Sproverio - Bestreich Realty Group
- Square Footage: 5,625 sqft
- Price per Square Foot: $333
- Units: 6
- Price per Unit: $312,500
Justin Zeitchik, Derek Bestreich, and Luke Sproverio from Bestreich Realty Group represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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