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133 Smith Street

Wang Family Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $3.15M
SOLDMixed-use

Wang Family Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $3.15M

133 Smith Street

$3,150,000

$978/SF

Building Size

3,220 SF

Asset Type

Mixed-use

Closing

Apr 3, 2024

AI

The mixed-use property located at 133 Smith Street in Cobble Hill, Brooklyn was sold for $3,150,000. The property spans 3,220 square feet, resulting in a price per square foot of $978.

Summary of transation details:

The deal involved Robbie Ferman, Daniel O'Brien, Caroline Hodes, and Hirschy Zaks representing the buyer and seller in this transaction.

Players

Hirschy Zaks

Venture Capital Properties

Broker

$77M

vol

14 deals

Broker

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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93