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
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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