Joel Rubin Acquires Mixed-Use Property In Williamsburg, Brooklyn For $14.9M
120 South 4th Street, South Williamsburg, Brooklyn, NY, USA
$14,959,502
$556/SF
Building Size
26,902 SF
Asset Type
Mixed-use
Closing
Jul 8, 2021
About this deal
AI
A mixed-use property located at 120 South 4th Street in Williamsburg, Brooklyn was recently sold for a total price of $14,959,502. The property spans a total area of 26,902 square feet, resulting in a price per square foot of $556. The transaction took place on July 9, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $14,959,502
- Address: 120 South 4th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Tax Class: 2
- Buyer: Joel Rubin
- Seller: Israel Perlmutter
- Square Footage: 26,902
- Price per Square Foot: $556
Joel Rubin, a buyer, acquired the property from Israel Perlmutter, the seller. The transaction involved a mixed-use property, classified under tax class 2, located at 120 South 4th Street in Williamsburg, Brooklyn. The property spans a total area of 26,902 square feet and was sold for a price of $14,959,502, resulting in a price per square foot of $556.
Players
Brooklyn 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93