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187 Varet Street

Sean R. Kelly & Benjamin Vago Of Ariel Property Advisors Handle Sale Of Covered Garage In Williamsburg For $2M
SOLDIndustrial

Sean R. Kelly & Benjamin Vago Of Ariel Property Advisors Handle Sale Of Covered Garage In Williamsburg For $2M

187 Varet Street

$2,000,000

Building Size

Asset Type

Industrial

Closing

Jul 16, 2024

AI

The property involved in this transaction is a covered garage with land located at 187 Varet Street in the Williamsburg market. The sale price for the property was $2,000,000.

Summary of transaction details:

  • Property Type: Covered Garage with Land
  • Transaction Amount: $2,000,000
  • Address: 187 Varet Street
  • Market: Williamsburg
  • Brokers: Sean R. Kelly & Benjamin Vago - Ariel Property Advisors

Sean R. Kelly and Benjamin Vago represented the sellers in this transaction, acting on behalf of Ariel Property Advisors. The deal highlights the involvement of these brokers in facilitating the sale of the covered garage and land.

Players

Sean R. Kelly, Esq.

Ariel Property Advisors

Broker

$529.8M

vol

56 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93