Klosed Properties Acquires Mixed-Use Property On Bedford Avenue, Williamsburg For $5.3M
191 Bedford Avenue, Brooklyn, NY 11211
$5,300,000
$522/SF
Building Size
10,150 SF
Asset Type
Mixed-use
Closing
Dec 23, 2021
AI
The mixed-use property located at 191 Bedford Avenue in Williamsburg has been sold in a recent transaction. The property spans 10,150 square feet and was purchased by Klosed Properties, represented by Steven Kachanian and Adam Hajibai. The seller of the property was The Serrano Family. The sale was brokered by Mike Salvatico, Shaun Riney, and Sam Leppo of Marcus & Millichap. The sale price for the property was $5,300,000, resulting in a price per square foot of $522.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,300,000
- Address: 191 Bedford Avenue
- Market: Williamsburg
- Buyer: Klosed Properties - Steven Kachanian & Adam Hajibai
- Seller: The Serrano Family
- Brokers: Mike Salvatico, Shaun Riney, and Sam Leppo - Marcus & Millichap
- Square Feet: 10,150
- Price per Square Foot: $522
The transaction involved key individuals and companies such as Klosed Properties, represented by Steven Kachanian and Adam Hajibai, who purchased the property. The seller of the property was The Serrano Family. Additionally, the deal was facilitated by brokers Mike Salvatico, Shaun Riney, and Sam Leppo from Marcus & Millichap.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93