Sinai Sassouni Acquires Mixed-Use Property On Stagg Street In Williamsburg For $1.55M
266 Stagg Street
$1,550,000
$375/SF
Building Size
4,125 SF
Asset Type
Mixed-use
Closing
May 27, 2020
AI
Located in the vibrant neighborhood of Williamsburg, this mixed-use property at 266 Stagg Street recently changed hands in a closed transaction. The sale, facilitated by broker Robert Shamash, took place on 05/27/2021.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $1,550,000
- Square Footage: 4,125
- Price per Square Foot: $375
- Number of Units: 6
- Price per Unit: $258,333
- Market: Williamsburg
The property was acquired by Sinai Sassouni from the previous owners, Nelson & Raul Sanchez. Robert Shamash, representing the buyer in the deal, played a pivotal role in the transaction.
If you're interested in similar deals or need assistance with your real estate needs, you can reach out to Robert Shamash at 516-974-2219.
Players
Brooklyn 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93