L3 Acquires Mixed-Use Property On Bedford Avenue In Williamsburg, Brooklyn For $20.5M
200-202 Bedford Avenue
$20,500,000
$4,712/SF
Building Size
4,350 SF
Asset Type
Mixed-use
Closing
Dec 3, 2021
AI
Located at 200-202 Bedford Avenue in the vibrant neighborhood of Williamsburg, Brooklyn, this mixed-use property has been sold in a closed transaction. The sale took place on December 3, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $20,500,000
- Address: 200-202 Bedford Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyers of the property were Domenic Lanni and Paul Szigetvari, representing L3. The sellers were The Li Family. The transaction was facilitated by a team of brokers including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL, as well as Sarah Sawyer from Bedford 6 Real Estate.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93