Michael Alvandi & Harry Hochman Acquire Mixed-use Property In Williamsburg, Brooklyn For $8.25M
SOLD
$8,250,000
New York
See Similar DealsMixed-use6,400 SF
Sold 11/02/2023
SOLD
Michael Alvandi & Harry Hochman Acquire Mixed-use Property In Williamsburg, Brooklyn For $8.25M
143 Berry Street
See Similar DealsMixed-use6,400 SF
Sold 11/02/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,289
Total Square Footage:6,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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