Paul Scarola Acquires 31 & 33 Skillman Avenue In Williamsburg, Brooklyn For $4.2M
31 Skillman Avenue, Williamsburg, Brooklyn, NY, USA
$4,200,000
$1,200/SF
Building Size
3,500 SF
Asset Type
Mixed-use
Closing
Nov 18, 2021
About this deal
AI
A mixed-use property located at 31 & 33 Skillman Avenue in Williamsburg, Brooklyn, was recently sold for a total price of $4,200,000. The property has a building square footage (BSF) of 6,075, resulting in a price per BSF (PPBSF) of $691. The total lot size is 2,500 square feet, with dimensions of 25 feet by 100 feet.
Summary of transaction details
- Property Type: Mixed-use
- Sale Date: 11/19/2021
- Market: Williamsburg, Brooklyn
- Zoning: M1-2/R6, MX-8
- Buyer: Paul Scarola
- Seller: Jack F Salvaggio Jr
- Price: $4,200,000
- BSF: 6,075
- PPBSF: $691
- SF: 3,500
- PPSF: $1,200
- FAR: 1.00
- Tax Class: 4
- Last Sale Price: $0 (9/24/2014)
Paul Scarola represented the buyer, while Jack F Salvaggio Jr represented the seller in this transaction.
Players
New York 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93