facebook
Traded Co logo
Submit

Simko Family Acquires Mixed-Use Asset In Williamsburg For $1.76M

Property Image
SOLD
$1,760,000

New York

See Similar Deals
Mixed-use2,400 SF
Sold 02/28/2024
the dealplayerscompscontact
Property Image
SOLD

Simko Family Acquires Mixed-Use Asset In Williamsburg For $1.76M

384 South 2nd Street

See Similar Deals
Mixed-use2,400 SF
Sold 02/28/2024
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$733
Total Square Footage:2,400 SF
Transaction Type:Sale

The mixed-use property located at 384 South 2nd Street in Williamsburg, Brooklyn, was recently sold for $1,760,000. The property spans 2,400 square feet, resulting in a price per square foot of $733. The transaction took place on 02/28/2024, with Michael Weiser & Zachary Fuchs representing the property.

Summary of transaction details:

The key individuals involved in this transaction were Moshe Goldberger from GFI Realty Services, representing the Simko Family as the buyer, and Zachary Fuchs, also from GFI Realty Services, representing Mendel Gold as the seller. The deal showcases the collaboration between these professionals in facilitating the sale of the mixed-use property in Williamsburg.

Players

Zachary Fuchs
62 deals$322.8M volume
BROKER

Moshe Goldberger
GFI Realty Services
17 deals$40M volume
BROKER

Details

SOLD
IMAGE: Michael Weiser & Zachary Fuchs DATE: 02/28/2024 ADDRESS: 384 South 2nd Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use BUYER: Simko Family SELLER: Mendel Gold BUYER'S REP: Moshe Goldberger - GFI Realty Services (@GFIRealty) SELLER'S REP: Zachary Fuchs (@ZacharyDFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $1,760,000 SF: 2,400 ~ PPSF: $733

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$93,866.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,252.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,343.30
Annual Debt Service$100,119.57