Updated Mar 26, 2025
Holliswood Development Acquires 250 Union Avenue Multifamily In Williamsburg For $2.6M
250 Union Avenue
$2,600,000
$650/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Feb 20, 2025
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 250 Union Avenue in the Williamsburg market. The sale price was $2,600,000.00, with a total of 8 units and a square footage of 4,000.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,600,000.00
- Address: 250 Union Avenue
- Market: Williamsburg
- Units: 8
- Square Footage: 4,000.0
- Buyer: Holliswood Development
- Key Individuals: Dana Lowey, Solomon Berger
Holliswood Development, represented by Dana Lowey and Solomon Berger, has expanded its portfolio in Williamsburg with this acquisition. Solomon Berger can be contacted at [email protected] for any potential deals. The company is particularly interested in 2B buildings or packages that can be delivered mostly vacant, while also being open to considering mark to market value add deals in preferred locations.
On the Map
$2,600,000
$650/SF
MultiFamily
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Brooklyn 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93