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
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.
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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