Industry Capital And Clyburn Group Acquire Mixed-Use Building In Williamsburg For $4.45M
SOLD
New York
See Similar DealsMixed-use6,240 SF
Sold 12/19/2025
SOLD
Industry Capital And Clyburn Group Acquire Mixed-Use Building In Williamsburg For $4.45M
157 Havemeyer Street
See Similar DealsMixed-use6,240 SF
Sold 12/19/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$713
Total Square Footage:6,240 SF
Transaction Type:Sale
This mixed-use asset located at 157-159 Havemeyer Street in the Williamsburg market was sold for $4,450,000. The property spans 6,240 square feet, equating to a price per square foot of $713.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,450,000
- Address: 157-159 Havemeyer Street
- Market: Williamsburg
- Square Footage: 6,240
- Price per Square Foot: $713
- Buyer: Industry Capital & Clyburn Group
- Broker Representatives: Eric Roth, Daniel O'Brien, Caroline Hodes & Henry Hill - Newmark
The transaction involved Industry Capital and Clyburn Group as the buyers, facilitated by the brokerage team of Eric Roth, Daniel O'Brien, Caroline Hodes, and Henry Hill from Newmark. The deal highlights the collaborative effort of these brokers in the successful transaction of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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