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221 Havemeyer Street

Updated Mar 19, 2026

Hoagy Chen Of Golden Fountain Realty Inc Purchases Mixed-use Properties In Williamsburg For $5.8M
SOLDMixed-use

Hoagy Chen Of Golden Fountain Realty Inc Purchases Mixed-use Properties In Williamsburg For $5.8M

221 Havemeyer Street & 219 Havemeyer Street

$5,800,000

$659/SF

Building Size

4,400 SF

Asset Type

Mixed-use

Closing

Mar 4, 2026

About this deal

AI

This transaction involved two mixed-use buildings located at 221 Havemeyer Street and 219 Havemeyer Street in Williamsburg, Brooklyn. The properties together total 4,400 square feet, with a sale price of $5,800,000 and a purchase price per square foot of $1,318. Additionally, there are 2,408 square feet of air rights associated with the properties, which closed on March 4, 2026.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,800,000
  • Buyer: Hoagy Chen
  • Buyer's Agency: Golden Fountain Realty Inc
  • Seller: Israel Elbogen & Mordechai Getz
  • Square Footage: 4,400
  • Price per Square Foot: $1,318
  • Additional Air Rights: 2,408 sq ft
  • Closing Date: March 4, 2026

Hoagy Chen represented Golden Fountain Realty Inc. in this transaction, purchasing the properties from sellers Israel Elbogen and Mordechai Getz. The representation highlights the involvement of these individuals and the agency facilitating the deal.

Players

Hoagy Chen

Golden Fountain Realty Inc

Buyer

$5.8M

vol

1 deal

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $659 per square foot on a published $5.8M for 8,800 square feet (2026).

Visit Golden Fountain Realty Inc to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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