Salvatore Bullaro Acquires Commercial Property On 278 Grand Street In Williamsburg, Brooklyn For $4.5M
278 Grand Street, Brooklyn, New York 11211, United States
$4,500,000
$584/SF
Building Size
7,700 SF
Asset Type
Commercial
Closing
Oct 17, 2022
AI
Located at 278 Grand Street in Williamsburg, Brooklyn, this commercial property was recently sold in a closed transaction. The property has a zoning designation of R6B and C2-4, allowing for a variety of commercial uses. The sale date was on October 18, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,500,000
- Building Square Footage: 3,850
- Price per Building Square Foot: $1,168
- Total Square Footage: 7,700
- Price per Square Foot: $584
- Floor Area Ratio (FAR): 4.00
- Tax Class: 2A
- Lot Size: 1,925 square feet
- Permits: Alteration 1 (01/26/2017)
- Lot Dimension: 25 feet x 77 feet
The buyer of the property is Salvatore Bullaro, while the seller is Dennis McCorMack.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93