Victor B. MacFarlane And Roland Merchant's Group Acquire Residential Property In Williamsburg, Brooklyn For $420M
1 N 4th Pl, Brooklyn, NY 11249, USA
$420,000,000
$302,593/SF
Building Size
1,388 SF
Asset Type
Other
Closing
Nov 28, 2020
About this deal
AI
Victor B. MacFarlane, Roland Merchant, Rob Hinckley, Andrew Scandalios, Jeff Julien, Ben Levine, and Jeff Levine were involved in the closed property transaction at 1 North Fourth in Williamsburg, Brooklyn. The property is a residential asset located at the intersection of North 4th and Kent Ave. The transaction took place in January 2018, with a total sale price of $420,000,000.
Summary of transation details
- Property Type: Residential
- Transaction Amount: $420,000,000
- Address: 1 North Fourth, Williamsburg, Brooklyn
- Cross Streets: North 4th & Kent Ave
- Market: Williamsburg, Brooklyn
Aside from the property details, the notable individuals involved in the transaction were Victor B. MacFarlane, Roland Merchant, Rob Hinckley, Andrew Scandalios, Jeff Julien, Ben Levine, and Jeff Levine. They played key roles in representing the various parties in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93