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155 Hope Street

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

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:

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

Broker

$1.9B

vol

97 deals

Broker
L3 Capital
L3 CapitalBuyer
L3 Capital
L3 CapitalLender

Williamsburg Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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