Updated Dec 20, 2023
Paul E. Freiman Acquires SFR In Williamsburg For $4.2M
99 South 2nd Street, Brooklyn, New York 11249, United States
$4,200,000
$1,256/SF
Building Size
3,344 SF
Asset Type
Single Family Residence
Closing
Aug 7, 2022
About this deal
AI
The property involved in this transaction is a single-family home located at 99 South 2nd Street in Williamsburg. The property consists of three units and spans a total area of 3,344 square feet. The sale price for this property was $4,200,000, resulting in a price per unit of $1,400,000. The price per square foot was calculated to be $1,255.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $4,200,000
- Address: 99 South 2nd Street
- Market: Williamsburg
- Buyer: Paul E. Freiman
- Seller: James Garnett & Steven Chiros
In this transaction, Paul E. Freiman served as the buyer, while James Garnett & Steven Chiros acted as the sellers. These individuals played key roles in the successful completion of the deal.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $4.2M for 3,344 square feet (2022).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93