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Eili Blaleh Acquires Mixed-Use Building In Williamsburg, Brooklyn For $3.45M
SOLD
$3,450,000
New York
See Similar DealsMixed-use4,400 SF
Sold 05/23/2023
SOLD
Eili Blaleh Acquires Mixed-Use Building In Williamsburg, Brooklyn For $3.45M
332 Rodney Street Brooklyn, New York 11211, USA
See Similar DealsMixed-use4,400 SF
Sold 05/23/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$784
Total Square Footage:4,400 SF
Transaction Type:Sale
Eili Blaleh has purchased a five-unit mixed-use building located at 332 Rodney Street in Williamsburg, Brooklyn. The property, acquired from Itzhaki Acquisitions, was sold for a sum of $3.5 million. The building offers a total of 4,400 square feet of built space.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,450,000
- Address: 332 Rodney Street
- Market: Williamsburg, Brooklyn
- Buyer: Eili Blaleh
- Seller: Itzhaki Acquisitions
- Square Feet: 4,400
- Price per Square Foot: $784
The transaction between Eili Blaleh and Itzhaki Acquisitions was finalized on May 23, 2023. Eili Blaleh's acquisition of the property represents a significant investment opportunity in the bustling neighborhood of Williamsburg, Brooklyn.
Players
SELLER
Details
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Deal Type
30 years
10 years
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
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