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
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