Eili Blaleh Acquires Mixed-Use Building In Williamsburg, Brooklyn For $3.45M
332 Rodney Street Brooklyn, New York 11211, USA
$3,450,000
$784/SF
Building Size
4,400 SF
Asset Type
Mixed-use
Closing
May 23, 2023
AI
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
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