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211 Johnson Avenue

Eliviat Group Acquires Mixed-Use Building In Williamsburg, Brooklyn For $3.3M
SOLDMixed-use

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

Eli Attias

Buyer

$5.8M

vol

2 deals

Buyer

Anthony J. Cornicello

Skylight Real Estate Partners

Seller

$15M

vol

4 deals

Seller

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