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
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