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407 Grahan Avenue

Johnny Din & Jake Kolb Acquire Mixed Use Property In Williamsburg For $2.67M
SOLDMixed-use

Johnny Din & Jake Kolb Acquire Mixed Use Property In Williamsburg For $2.67M

407 Grahan Avenue

$2,675,000

$764/SF

Building Size

3,500 SF

Asset Type

Mixed-use

Closing

Oct 11, 2022

AI

The property involved in this transaction is a mixed-use asset located at 407 Grahan Avenue in Williamsburg. The sale price for this asset was $2,675,000, with a total square footage of 3,500, resulting in a price per square foot of $764.

Summary of transaction details:

  • Property Type: Mixed Use
  • Transaction Amount: $2,675,000
  • Address: 407 Grahan Avenue
  • Market: Williamsburg
  • Square Footage: 3,500
  • Price per Square Foot: $764
  • Buyer: Johnny Din & Jake Kolb
  • Seller: Vecchio Family
  • Broker: Michael Sherman - Baseline Real Estate Advisors

The key individuals in this transaction include the buyers, Johnny Din and Jake Kolb, who have acquired the property, and the seller, the Vecchio Family. Michael Sherman, representing Baseline Real Estate Advisors, acted as the broker overseeing this sale.

Players

Johnny Din

Cycamore Capital

Broker

$35.9M

vol

16 deals

Broker
Johnny Din

Johnny Din

Buyer

$35.9M

vol

16 deals

Buyer

Vecchio Family

Seller

$5.4M

vol

2 deals

Seller

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93