facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Condo

/

Sale

/

510 Driggs Avenue, Brooklyn...

Northlink Capital Sells Condo In Williamsburg For $6.8M With Buyer's Rep Philip Scheinfeld - Compass
SOLDCondo

Northlink Capital Sells Condo In Williamsburg For $6.8M With Buyer's Rep Philip Scheinfeld - Compass

510 Driggs Avenue, Brooklyn, New York 11211, United States

$6,800,000

$2,266,666/SF

Building Size

3 SF

Asset Type

Condo

Closing

Nov 18, 2022

AI

The condo unit located at 510 Driggs Avenue in Williamsburg was sold in a transaction brokered by Philip Scheinfeld from Compass. The property, represented by Northlink Capital, was purchased for a total of $6,800,000. The unit spans 3,536 square feet, resulting in a price per square foot of $1,923.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,800,000
  • Date: 11/18/2022
  • Address: 510 Driggs Avenue
  • Market: Williamsburg

Philip Scheinfeld from Compass represented the buyers for units 5-D and 4-A in this sale. Christian Haag from Nest Seekers served as the seller's representative in the transaction.

Players

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 deals

Broker
Northlink Capital
Northlink CapitalSeller

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93