The Lai Family Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.4M
354 Graham Avenue
$3,400,000
$824/SF
Building Size
4,125 SF
Asset Type
Mixed-use
Closing
Nov 12, 2021
About this deal
AI
The mixed-use property located at 354 Graham Avenue in Williamsburg, Brooklyn has been sold for a total of $3,400,000. The transaction took place on November 12, 2021. The property spans 4,125 square feet and consists of 6 units, resulting in a price per unit of $566,667. The price per square foot is $824. The property is zoned as R7A, C2-4.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Address: 354 Graham Avenue
- Market: Williamsburg, Brooklyn
- Zoning: R7A, C2-4
The buyer of the property is The Lai Family, while the seller is The Vaglica Family. The deal was facilitated by Shaun Riney, Mike Salvatico, and Sam Leppo from Marcus & Millichap.
Players
Brooklyn 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93