Parag Sawhney's Penn South Capital Acquires Mixed-Use Property In Williamsburg, Brooklyn For $6M
308 Graham Avenue
$6,000,000
$469/SF
Building Size
12,780 SF
Asset Type
Mixed-use
Closing
Dec 15, 2023
About this deal
AI
Located at 308 Graham Avenue in Williamsburg, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans 12,780 square feet and consists of 9 units, including 5 apartments, 3 retail spaces, and 1 office. The sale price for this property was $6,000,000, resulting in a price per square foot of $469.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Square Footage: 12,780
- Address: 308 Graham Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
In this transaction, Parag Sawhney of Penn South Capital acted as the buyer, while Anthony Sarro Jr. served as the seller. The seller was exclusively represented by Michael Ferrara of Brax Realty. It's worth noting that Michael Ferrara not only represented the seller but also procured the buyer for this deal.
On the Map
$6,000,000
$469/SF
Mixed-use
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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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93