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
About this deal
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
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