Sean R. Kelly & Benjamin Vago Of Ariel Property Advisors Handle Sale Of Covered Garage In Williamsburg For $2M
SOLD
$2,000,000
New York
See Similar DealsIndustrial
Sold 07/16/2024
SOLD
Sean R. Kelly & Benjamin Vago Of Ariel Property Advisors Handle Sale Of Covered Garage In Williamsburg For $2M
187 Varet Street
See Similar DealsIndustrial
Sold 07/16/2024
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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