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407 Graham Avenue, Brooklyn...

Johnny Din & Jake Kolb Acquire Mixed Use Property In Williamsburg For $2.7M
SOLDMixed-use

Johnny Din & Jake Kolb Acquire Mixed Use Property In Williamsburg For $2.7M

407 Graham Avenue, Brooklyn, New York 11211, United States

$2,675,000

$764/SF

Building Size

3,500 SF

Asset Type

Mixed-use

Closing

Oct 10, 2022

AI

A mixed-use property located at 407 Graham Avenue in Williamsburg was recently sold for $2,675,000. The property spans across 3,500 square feet and has a price per square foot of $764. The sale took place on 10/11/2022.

Summary of transation details

  • Property Type: Mixed Use
  • Transaction Amount: $2,675,000
  • Address: 407 Graham Avenue
  • Market: Williamsburg
  • Buyer: Johnny Din & Jake Kolb
  • Seller: Vecchio Family
  • Broker: Michael Sherman - Baseline Real Estate Advisors

Johnny Din and Jake Kolb were the buyers of the property, while the Vecchio Family served as the sellers. The deal was facilitated by Michael Sherman from Baseline Real Estate Advisors.

Players

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Johnny Din

Johnny Din

Buyer

$35.9M

vol

16 deals

Buyer

Vecchio Family

Seller

$5.4M

vol

2 deals

Seller

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

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93