The Harmony Group Acquires Community Facility Condo In Williamsburg, Brooklyn For $6M
190 South 1st Street, South Williamsburg, Brooklyn, NY, USA
$6,000,000
$692/SF
Building Size
8,670 SF
Asset Type
—
Closing
Nov 2, 2021
About this deal
AI
Located at 190 South 1st Street (717 Driggs Avenue) in Williamsburg, Brooklyn, this community facility condo has been sold in a recent transaction. The property spans across 8,670 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $692.
Summary of transaction details
- Property Type: Community Facility Condo
- Transaction Amount: $6,000,000
- Address: 190 South 1st Street (717 Driggs Avenue), Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyer of this property is The Harmony Group, represented by Ezriel Schwartz. On the other hand, the seller is Dvir Cohen-Hoshen and Omri Sachs, from Adam America Real Estate. Ariel Property Advisors, with brokers Sean R. Kelly, Shimon Shkury, John Higgins, and Ben Vago, facilitated the deal.
On the Map
$6,000,000
$692/SF
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Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93