Lee Rovinescu Acquires Williamsburg SFR For $5.15M With Brokers Eric Sidman & Jordan Cherson
176 North 6th Street, Williamsburg, Brooklyn, NY, USA
$5,150,000
$1,012/SF
Building Size
5,089 SF
Asset Type
Single Family Residence
Closing
Nov 22, 2020
AI
The property asset involved in this transaction is a Single Family Residence (SFR) located at 176 N Sixth Street in the Williamsburg market. The property is zoned as R6B and has a total square footage of 5,089. The transaction took place on November 23, 2020.
Summary of transaction details:
- Property Type: Single Family Residence (SFR)
- Address: 176 N Sixth Street
- Market: Williamsburg
- Zoning: R6B
- Transaction Date: November 23, 2020
- Buyer: Lee Rovinescu
- Brokers: Eric Sidman & Jordan Cherson - Compass
- Price: $5,150,000
- Square Footage: 5,089
- Price per Square Foot (PPSF): $1,011
- Lender: Wells Fargo
- Loan Amount: $3,605,000
The buyer, Lee Rovinescu, was represented by Eric Sidman and Jordan Cherson from Compass. The lender for this transaction was Wells Fargo, and the loan amount provided was $3,605,000.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93