Sinai Sassouni Acquires Mixed-Use Property On Stagg Street In Williamsburg For $1.55M
SOLD
$1,550,000
New York
See Similar DealsMixed-use4,125 SF
Sold
SOLD
Sinai Sassouni Acquires Mixed-Use Property On Stagg Street In Williamsburg For $1.55M
266 Stagg Street
See Similar DealsMixed-use4,125 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$375
Total Square Footage:4125 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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