Edward Vays, Benjamin Smuk, Philip S. Green & Seth A. Green Acquire Mixed-Use Building In Williamsburg For $3.5M
296 Grand Street
$3,500,000
$1,166/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Feb 20, 2026
AI
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.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93