Lee Rovinescu Acquires Williamsburg SFR For $5.15M With Brokers Eric Sidman & Jordan Cherson
SOLD
$5,150,000
New York
See Similar DealsSingle Family Residence5,089 SF
Sold 11/23/2020
SOLD
Lee Rovinescu Acquires Williamsburg SFR For $5.15M With Brokers Eric Sidman & Jordan Cherson
176 North 6th Street, Williamsburg, Brooklyn, NY, USA
See Similar DealsSingle Family Residence5,089 SF
Sold 11/23/2020
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,012
Total Square Footage:5,089 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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