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266 Stagg Street

Sinai Sassouni Acquires Mixed-Use Property On Stagg Street In Williamsburg For $1.55M
SOLDMixed-use

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

Robert Shamash

Broker

$2.8M

vol

4 deals

Broker

Sinai Sassouni

Buyer

$15.4M

vol

7 deals

Buyer

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93