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
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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