L3 Capital Acquires Mixed-Use Property On Hope Street In Williamsburg For $6.24M
155 Hope Street
$6,235,500
$590/SF
Building Size
10,560 SF
Asset Type
Mixed-use
Closing
Dec 27, 2022
AI
The mixed-use property located at 155 Hope Street in Williamsburg has been sold in a recent transaction. The property spans a total area of 10,560 square feet. The sale price for this transaction was $6,235,500, resulting in a price per square foot of $590.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $6,235,500
- Address: 155 Hope Street
- Market: Williamsburg
- Size: 10,560 square feet
- Buyer: L3 Capital
- Seller: Unlikely Collaborators
- Brokers: Daniel O'Brien, Caroline Hodes, Ian Brooks, Dylan Walsh & Jake McGuffog - Cushman & Wakefield
Daniel O'Brien, Caroline Hodes, Ian Brooks, Dylan Walsh, and Jake McGuffog from Cushman & Wakefield represented the buyer and seller in this transaction. They played a pivotal role in facilitating the successful sale of the property at 155 Hope Street in Williamsburg.
Players
Williamsburg 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93