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132 Broadway, Brooklyn, NY ...

Mark Norbom Acquires Mixed-Use Property In Williamsburg For $1.87M
SOLDMixed-use

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

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.

Players

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

Yaniv Garbo

Seller

$22.3M

vol

8 deals

Seller

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