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191 Bedford Avenue, Brookly...

Klosed Properties Acquires Mixed-Use Property On Bedford Avenue, Williamsburg For $5.3M
SOLDMixed-use

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Adam Hajibai

Adam Hajibai

Klosed Properties

Buyer

$76.1M

vol

21 deals

Buyer

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