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164 Havemeyer Street

Adam J Hess & Edward Setton Of Meridian Capital Group Facilitate $10M Mixed-Use Sale In Williamsburg
SOLDMixed-use

Adam J Hess & Edward Setton Of Meridian Capital Group Facilitate $10M Mixed-Use Sale In Williamsburg

164 Havemeyer Street & 181 Havemeyer Street

$10,000,000

$114/SF

Building Size

87,080 SF

Asset Type

Mixed-use

Closing

Nov 8, 2024

AI

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.

Players

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker

Brooklyn 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93