Wang Family Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $3.15M
SOLD
$3,150,000
+ 1
New York
See Similar DealsMixed-use3,220 SF
Sold 04/03/2024
SOLD
Wang Family Acquires Mixed-Use Property In Cobble Hill, Brooklyn For $3.15M
133 Smith Street
See Similar DealsMixed-use3,220 SF
Sold 04/03/2024
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$978
Total Square Footage:3,220 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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