Daily limit: 0/10
Edward Vays, Benjamin Smuk, Philip S. Green & Seth A. Green Acquire Mixed-Use Building In Williamsburg For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMixed-use3,000 SF
Sold
SOLD
Edward Vays, Benjamin Smuk, Philip S. Green & Seth A. Green Acquire Mixed-Use Building In Williamsburg For $3.5M
296 Grand Street
See Similar DealsMixed-use3,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1166
Total Square Footage:3000 SF
Transaction Type:Sale
A two-unit mixed-use building located at 296 Grand Street in Williamsburg, Brooklyn was sold for $3,500,000. The property encompasses a total square footage of 3,000, resulting in a price per square foot of $1,167.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 296 Grand Street
- Market: Williamsburg, Brooklyn
- Square Footage: 3,000
- Price Per Square Foot: $1,167
- Buyer: Edward Vays, Benjamin Smuk, Philip S. Green & Seth A. Green
Edward Vays, Benjamin Smuk, Philip S. Green, and Seth A. Green acquired the property through 64 Schulyer LLC from the Blas family, marking a significant transaction in the local market.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
Is there something missing? Send suggestions