Victor Blaleh Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.45M
310 S 4th St Brooklyn, NY 11211, USA
$3,450,000
$784/SF
Building Size
4,400 SF
Asset Type
Mixed-use
Closing
May 24, 2023
AI
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
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93