Somerset Real Estate LLC Acquires Mixed-Use Property In Williamsburg For $4.5M
138 Havemeyer St, Brooklyn, NY 11211, USA
$1,830,000
$670/SF
Building Size
2,730 SF
Asset Type
Mixed-use
Closing
Sep 17, 2020
About this deal
AI
Located in Williamsburg, Brooklyn, the mixed-use property at 278 Grand Street has been sold in a recent transaction. The sale was facilitated by Dennis McCormick, the seller of the property. The buyer's representative in the deal was Andrew Roth from Somerset Real Estate LLC, while Michal Kuras represented the seller.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $4,500,000
- Address: 278 Grand Street
- Market: Williamsburg, Brooklyn
The property spans across 7,695 square feet, with a price per square foot of $585. The transaction closed on October 19, 2022, and the image of the property can be found on Andrew Roth's Instagram page.
Players
New York 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
8.67%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93