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295 Humboldt Street

Howard Berk Acquires Mixed-Use Property In Williamsburg For $1.6M
SOLDMixed-use

Howard Berk Acquires Mixed-Use Property In Williamsburg For $1.6M

295 Humboldt Street

$1,596,000

$693/SF

Building Size

2,300 SF

Asset Type

Mixed-use

Closing

Aug 26, 2022

AI

A mixed-use property located at 767 Grand St. and 295 Humboldt St. in Williamsburg has been sold for a total of $1,596,500. The property spans 2,300 square feet and was sold at a price per square foot of $694.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,596,500
  • Address: 767 Grand St. & 295 Humboldt St., Williamsburg
  • Square Footage: 2,300
  • Price per Square Foot: $694

Howard Berk has purchased the property from Jackie Huang. The deal was facilitated by brokers Josh Goldflam and Ty Gallishaw from Highcap Group.

Players

Josh Goldflam

Highcap Group

Broker

$278.1M

vol

29 deals

Broker

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

9.94%

Cash-on-Cash

-2.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93