Mark Norbom Acquires Mixed-Use Property In Williamsburg For $1.87M
SOLD
$1,870,000
+ 1
New York
See Similar DealsMixed-use1,642 SF
Sold 12/19/2021
SOLD
Mark Norbom Acquires Mixed-Use Property In Williamsburg For $1.87M
132 Broadway, Brooklyn, NY 11249
See Similar DealsMixed-use1,642 SF
Sold 12/19/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,138
Total Square Footage:1,642 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,643.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,864.75
Annual Debt Service$106,377.05
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