Jeremy Armstrong Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.1M
103 Grand Street, Brooklyn, NY 11249
$3,100,000
$584/SF
Building Size
5,300 SF
Asset Type
Mixed-use
Closing
Dec 21, 2021
AI
The mixed-use property located at 103 Grand Street in Williamsburg, Brooklyn was recently sold for $3,100,000. The property spans 5,300 square feet, resulting in a price per square foot of $584. The sale took place on 12/21/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Address: 103 Grand Street
- Market: Williamsburg, Brooklyn
- Buyer: Jeremy Armstrong
- Seller: Andreycak Family
- Brokers: Bryan Kirk & Robert Moore - B6 Real Estate Advisors
Jeremy Armstrong was the buyer of the property, while the Andreycak Family was the seller. The transaction was facilitated by Bryan Kirk & Robert Moore of B6 Real Estate Advisors.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93