Mark Norbom Acquires Mixed-Use Property In Williamsburg For $1.87M
132 Broadway, Brooklyn, NY 11249
$1,870,000
$1,138/SF
Building Size
1,642 SF
Asset Type
Mixed-use
Closing
Dec 19, 2021
About this deal
AI
The mixed-use property located at 132 Broadway in Williamsburg has been sold in a recent transaction. The deal was finalized on 12/19/2021 for a sale price of $1,870,000. The property spans 1,642 square feet, resulting in a price per square foot of $1,138.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,870,000
- Address: 132 Broadway, Williamsburg
- Market: Williamsburg
The buyer of the property is Mark Norbom, while the seller is Yaniv Garbo. The transaction was facilitated by Scott Plasky, Haley Hasho, and Alex Arustamian from Marcus & Millichap.
On the Map
$1,870,000
$1,138/SF
Mixed-use
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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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93