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
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