Alchemy Ventures Acquires Mixed-Use Property On Henry Street In Cobble Hill, Brooklyn For $3.4M
329 Henry Street, Brooklyn, New York 11201, United States
$3,400,000
$680/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Dec 29, 2021
About this deal
AI
Cobble Hill, Brooklyn saw a mixed-use property change hands in a recent transaction. Located at 329 Henry Street, the property offers a total of 5,000 square feet. The sale price for this asset was $3,400,000, resulting in a price per square foot of $680.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Address: 329 Henry Street, Cobble Hill, Brooklyn
- Market: Cobble Hill, Brooklyn
The buyer of the property is Alchemy Ventures, while the seller is The Manassa Family. The deal was facilitated by multiple brokers from Bestreich Realty Group (BRG), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93