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L3 Capital Acquires Mixed-Use Property On Hope Street In Williamsburg For $6.24M

Property Image
SOLD
$6,235,500
Jake McGuffog
Daniel (Dan) O'Brien
Caroline Hodes
+ 1

New York

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Mixed-use10,560 SF
Sold 12/27/2022
the dealplayerscompscontact
Property Image
SOLD

L3 Capital Acquires Mixed-Use Property On Hope Street In Williamsburg For $6.24M

155 Hope Street

See Similar Deals
Mixed-use10,560 SF
Sold 12/27/2022
Jake McGuffog
Daniel (Dan) O'Brien
Caroline Hodes
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$590
Total Square Footage:10,560 SF
Transaction Type:Sale

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:

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

Caroline Hodes
Newmark
Caroline Hodes
94 deals$1.8B volume(516) 263-9404
BROKER
Ian Brooks
CBRE
Ian Brooks
50 deals$431.6M volume(212) 984-8107
BROKER
Jake McGuffog
Cushman & Wakefield
Jake McGuffog
6 deals$56.3M volume
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
146 deals$4.7B volume(212) 698-5584
BROKER
L3 Capital
L3 Capital
BUYER
L3 Capital
L3 Capital
LENDER

Details

SOLD
IMAGE: Daniel O'Brien, Caroline Hodes, Ian Brooks, Dylan Walsh & Jake McGuffog DATE: 12/27/2022 ADDRESS: 155 Hope Street MARKET: Williamsburg ASSET TYPE: Mixed-Use BUYER: L3 Capital SELLER: Unlikely Collaborators BROKERS: Daniel O'Brien, Caroline Hodes (@CarolineHodes), Ian Brooks (@Eighteenhundo), Dylan Walsh (@DylWalCRE) & Jake McGuffog (@JakeMcguffog) - Cushman & Wakefield (@Cushwake) (@KingsAndQueensCapitalMarkets) SALE PRICE: $6,235,500 SF: 10,560 ~ PPSF: $590 &Wakefield

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$332,560.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,153.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,559.45
Annual Debt Service$354,713.41