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:
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Address: 133 Smith Street
- Market: Cobble Hill, Brooklyn
- Buyer: Wang Family
- Buyer's Rep: Hirschy Zaks - Venture Capital Properties
- Seller's Rep: Caroline Hodes, Daniel O'Brien & Robbie Ferman - Newmark
The deal involved Robbie Ferman, Daniel O'Brien, Caroline Hodes, and Hirschy Zaks representing the buyer and seller in this transaction.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93