Brigitte Veneski Sells Mixed-Use Property In Williamsburg For $3.35M
103 Berry Street, Brooklyn, NY 11249, USA
$3,350,000
$633/SF
Building Size
5,290 SF
Asset Type
Mixed-use
Closing
Mar 31, 2021
About this deal
AI
This mixed-use property located at 103 Berry Street in Williamsburg, Brooklyn recently sold for a price of $3,350,000. The property is owned by Brigitte Veneski and was listed by the brokerage firm Bestreich Realty Group. The sale took place on April 1, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,350,000
- Address: 103 Berry Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Brokers: Derek Bestreich, Luke Sproviero, and Donal Flaherty - Bestreich Realty Group
This family-owned property has been in the Veneski family for over 40 years. It consists of six rent-stabilized apartments and one retail store, located on the corner of North 8th Street and Berry Street, in the prime area of Williamsburg.
Players
New York 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93