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Salvatore Bullaro Acquires Commercial Property On 278 Grand Street In Williamsburg, Brooklyn For $4.5M

Property Image
SOLD
$4,500,000

New York

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Commercial7,700 SF
Sold 10/18/2022
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Property Image
SOLD

Salvatore Bullaro Acquires Commercial Property On 278 Grand Street In Williamsburg, Brooklyn For $4.5M

278 Grand Street, Brooklyn, New York 11211, United States

See Similar Deals
Commercial7,700 SF
Sold 10/18/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$584
Total Square Footage:7,700 SF
Transaction Type:Sale

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

SB
Salvatore Bullaro
3 deals$48.1M volume
BUYER

Details

SOLD
IMAGE: 10/18/2022 ADDRESS: 278 Grand Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Commercial ~ ZONING: R6B, C2-4 BUYER: Salvatore Bullaro SELLER: Dennis McCorMack PRICE: $4,500,000 BSF: 3,850 ~ PPBSF: $1,168 SF: 7,700 ~ PPSF: $584 FAR: 4.00 TAX CLASS: 2A LOT SIZE: 1,925 PERMITS: Alteration 1 (01/26/2017) LOT DIMENSION: 25 ft x 77 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
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