Michael Alvandi & Harry Hochman Acquire Mixed-use Property In Williamsburg, Brooklyn For $8.25M
143 Berry Street
$8,250,000
$1,289/SF
Building Size
6,400 SF
Asset Type
Mixed-use
Closing
Nov 2, 2023
AI
The mixed-use property located at 143 Berry Street in Williamsburg, Brooklyn has been sold in a transaction. The property spans across 6,400 square feet and was sold for a price of $8,250,000, resulting in a price per square foot of $1,289.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,250,000
- Square Footage: 6,400
- Price per Square Foot: $1,289
- Address: 143 Berry Street, Williamsburg, Brooklyn
- Buyer: Michael Alvandi & Harry Hochman - City Urban Realty
- Seller: Dai Park
The buyer of the property is represented by Michael Alvandi & Harry Hochman from City Urban Realty. The seller in this transaction is Dai Park.
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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93