facebook
Traded Co logo
Submit

Timothy P. Yantz Acquires Commercial Property In Williamsburg, Brooklyn For $7M

Property Image
SOLD
$7,000,000

New York

See Similar Deals
Commercial32 SF
the dealplayerscompscontact
Property Image
SOLD

Timothy P. Yantz Acquires Commercial Property In Williamsburg, Brooklyn For $7M

65 Roebling Street, Brooklyn, New York 11211, United States

See Similar Deals
Commercial32 SF
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$218,750
Total Square Footage:32 SF
Transaction Type:Sale

The commercial property located at 65-75 Roebling Street in Williamsburg, Brooklyn has been sold in a closed transaction. The property is zoned as M1-2/R6A, MX-8 and falls under tax class 2. The lot size is 12,500 square feet, with a lot dimension of 100 ft x 125 ft.

Summary of Transaction Details

  • Property Type: Commercial
  • Transaction Amount: $7,000,000
  • Buyer: Timothy P. Yantz
  • Seller: Morris Feldman
  • Building Square Feet (BSF): 37,500
  • Price per Building Square Foot (PPBSF): $186
  • Total Square Footage (SF): 32,000
  • Price per Square Foot (PPSF): $218
  • Floor Area Ratio (FAR): 2.56
  • Permits: Alteration 3 (09/08/2022)

Notable details include the buyer, Timothy P. Yantz, and the seller, Morris Feldman. The transaction involved a total price of $7,000,000. The property has a building square footage of 37,500 and a price per building square foot of $186. The total square footage of the property is 32,000, with a price per square foot of $218. The floor area ratio (FAR) is 2.56. Additionally, an alteration permit was obtained on September 8, 2022.

Players

2 deals$17.5M volume
SELLER

Details

SOLD
IMAGE: 10/13/2022 ADDRESS: 65-75 Roebling Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Commercial ~ ZONING: M1-2/R6A, MX-8 BUYER: Timothy P. Yantz SELLER: Morris Feldman PRICE: $7,000,000 BSF: 37,500 ~ PPBSF: $186 SF: 32,000 ~ PPSF: $218 FAR: 2.56 TAX CLASS: 2 LOT SIZE: 12,500 PERMITS: Alteration 3 (09/08/2022) LOT DIMENSION: 100 ft x 125 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85