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2 Northside Piers, Williams...

Updated Jul 16, 2025

Corcoran Group Represents Buyer And Seller In $8.3M Williamsburg Condo Sale
SOLD

Corcoran Group Represents Buyer And Seller In $8.3M Williamsburg Condo Sale

2 Northside Piers, Williamsburg, Brooklyn, NY, USA

$8,305,000

$1,824/SF

Building Size

4,552 SF

Asset Type

Closing

Sep 14, 2021

About this deal

AI

Located at 2 Northside Piers in Williamsburg, Brooklyn, this residential condo was recently sold for a sale price of $8,305,000. The property spans a total area of 4,552 square feet, translating to a price per square foot of $1,824. This transaction took place on September 14, 2021.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $8,305,000
  • Address: 2 Northside Piers, Williamsburg, Brooklyn

Representing the buyer in this deal were Cory Kantin and Thea Zagata from the Corcoran Group. On the other hand, Ralph Modica from Compass acted as the seller's representative. The financing for this transaction was provided by Citizens Bank, with Danny Sassoon serving as the lender. The loan amount extended by Citizens Bank was $6,228,750.

In addition to the main living space, this condo offers private outdoor space measuring 1,104 square feet, as well as a private roof cabana spanning 822 square feet.

For more information on the financing options provided by Citizens Bank, interested parties can get in touch with Danny Sassoon at 917-747-2121 or via email at [email protected].

Players

Cory Kantin

The Corcoran Group

Broker

$8.3M

vol

1 deal

Broker
Citizens Bank
Citizens BankLender

Brooklyn CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.8K per square foot on a published $8.3M for 4,552 square feet (2021).

Visit Compass to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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