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203 N 8th St Brooklyn, Ny 1...

Moshe Kohen Acquires Multifamily Property In Williamsburg, Brooklyn For $9.3M
SOLDMultiFamily

Moshe Kohen Acquires Multifamily Property In Williamsburg, Brooklyn For $9.3M

203 N 8th St Brooklyn, Ny 11211, Usa

$9,333,000

$488/SF

Building Size

19,100 SF

Asset Type

MultiFamily

Closing

May 8, 2023

AI

Located at 203-205 North 8th Street in Williamsburg, Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans 19,100 square feet and consists of 16 units, resulting in an average price per unit of $583,313. The sale price for this asset was $9,333,000, equating to a price per square foot of $489.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $9,333,000
  • Units: 16
  • Price per Unit: $583,313
  • Square Footage: 19,100
  • Price per Square Foot: $489
  • Market: Williamsburg, Brooklyn

The buyer in this transaction was Moshe Kohen. The deal was facilitated by brokers Greg Corbin, Chaya Milworn, and Felix Ades from Rosewood Realty Group.

Players

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker

New York 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

1.70%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93