B6 Real Estate Advisors Facilitates $4.75M Mixed-use Sale In Williamsburg, Brooklyn
372-376 Union Avenue, Williamsburg, Brooklyn, NY, USA
$4,750,000
$500/SF
Building Size
9,500 SF
Asset Type
Mixed-use
Closing
Dec 1, 2021
AI
The mixed-use property located at 372-376 Union Avenue in Williamsburg, Brooklyn has been sold for a total of $4,750,000. The property spans approximately 9,500 square feet, resulting in a price per square foot of $500. The sale was facilitated by brokers Thomas A. Donovan, Robert Moore, and Bryan Kirk from B6 Real Estate Advisors. The seller of the property was The Andosca Family.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,750,000
- Square Footage: 9,500
- Price Per Square Foot: $500
- Address: 372-376 Union Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
For more information on the sale of 372-376 Union Avenue, you can visit the following link for a case study: Case Study.
To inquire further about the sale, real estate market questions, or an opinion of value for your own property, you can contact the B6 Real Estate Advisors team:
Thomas A. Donovan Phone: (646) 933-2635 Email: [email protected]
Robert Moore & Bryan Kirk Phone: (646) 933-2624 Email: [email protected]
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93