Adam J Hess & Edward Setton Of Meridian Capital Group Facilitate $10M Mixed-Use Sale In Williamsburg
SOLD
$10,000,000
New York
See Similar DealsMixed-use87,080 SF
Sold 11/08/2024
SOLD
Adam J Hess & Edward Setton Of Meridian Capital Group Facilitate $10M Mixed-Use Sale In Williamsburg
164 Havemeyer Street & 181 Havemeyer Street
See Similar DealsMixed-use87,080 SF
Sold 11/08/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$114
Total Square Footage:87,080 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 164 Havemeyer Street and 181 Havemeyer Street in Williamsburg, Brooklyn. The sale price was $10,000,000, with a total square footage of 43,540, resulting in a price per square foot of $229.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 164 Havemeyer Street & 181 Havemeyer Street
- Market: Williamsburg, Brooklyn
- Square Footage: 43,540
- Price Per Square Foot: $229
Adam J Hess and Edward Setton from Meridian Capital Group represented the parties involved in this transaction, facilitating the sale of the mixed-use property detailed above.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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