Eliviat Group Acquires Mixed-Use Building In Williamsburg, Brooklyn For $3.3M
211 Johnson Avenue
$3,300,000
$579/SF
Building Size
5,692 SF
Asset Type
Mixed-use
Closing
Sep 21, 2023
AI
A six-unit mixed-use building located at 211 Johnson Avenue in Williamsburg, Brooklyn has been sold for $3.3 million. The buyer, Eliviat Group, represented by Fade 211 Johnson LLC, acquired the property from Skylight Real Estate Partners' Broadway Williamsburg Four LLC. The building has a total square footage of 5,692, with a price per square foot of $580. The sale price equates to a price per building square foot of $519 which indicates a total building square footage (BSF) of 6,356.
Summary of Transaction Details:
- Property Type: Mixed-use
- Sale Price: $3,300,000
- Buyer: Eliviat Group - represented by Fade 211 Johnson LLC
- Seller: Skylight Real Estate Partners' Broadway Williamsburg Four LLC
- Address: 211 Johnson Avenue, Williamsburg, Brooklyn
Eli Attias, the representative of Eliviat Group, played a significant role in the deal as the buyer. Anthony J. Cornicello, representing Skylight Real Estate Partners, acted as the seller. This transaction marks a successful acquisition by Eliviat Group, expanding their portfolio in the Williamsburg area.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93