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Victor Blaleh Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.45M

Property Image
SOLD
$3,450,000
Reouven Elharar
Eli Shayestehpour
+ 1

New York

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Mixed-use4,400 SF
Sold 05/24/2023
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Property Image
SOLD

Victor Blaleh Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.45M

310 S 4th St Brooklyn, NY 11211, USA

See Similar Deals
Mixed-use4,400 SF
Sold 05/24/2023
Reouven Elharar
Eli Shayestehpour
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$784
Total Square Footage:4,400 SF
Transaction Type:Sale

The mixed-use property located at 310 South 4th Street in Williamsburg, Brooklyn has been sold. The sale was brokered by Rosewood Realty Group, with Eli Shayestehpour representing the buyer, Victor Blaleh, and Ben Khakshoor & Reouven Elharar representing the seller, Gil Boosidan. The property was sold for $3,450,000 and spans a total area of 4,400 square feet, resulting in a price per square foot of $784.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,450,000
  • Address: 310 South 4th Street, Williamsburg, Brooklyn
  • Buyer: Victor Blaleh
  • Seller: Gil Boosidan
  • Buyer's Representative: Eli Shayestehpour - Rosewood Realty Group
  • Seller's Representatives: Ben Khakshoor & Reouven Elharar - Rosewood Realty Group
  • Square Feet: 4,400
  • Price Per Square Foot: $784

Noteworthy individuals involved in the transaction include Eli Shayestehpour from Rosewood Realty Group, representing the buyer, and Ben Khakshoor and Reouven Elharar, also from Rosewood Realty Group, representing the seller. This transaction showcases the successful collaboration between these real estate professionals in facilitating the sale of the mixed-use property.

Players

Ben Khakshoor
132 deals$1.9B volume(212) 359-9913
BROKER

Eli Shayestehpour
Rosewood Realty Group
13 deals$42.3M volume(212) 419-8168
BROKER

Reouven Elharar
Rosewood Realty Group
6 deals$39.4M volume
BROKER

Details

SOLD
IMAGE: Eli Shayestehpour, Ben Khakshoor & Reouven Elharar DATE: 05/24/2023 ADDRESS: 310 South 4th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-Use BUYER: Victor Blaleh SELLER: Gil Boosidan BUYER'S REP: Eli Shayestehpour (@EliShayestehpour) - Rosewood Realty Group (@RosewoodRG) SELLER'S REP: Ben Khakshoor (@BenhKhak) & Reouven Elharar - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $3,450,000 SF: 4,400 ~ PPSF: $784

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$184,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12