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428 Rodney St, Brooklyn, NY...

Cheskie Weisz Acquires Mixed-Use Property In East Williamsburg For $5.4M
SOLDMixed-use

Cheskie Weisz Acquires Mixed-Use Property In East Williamsburg For $5.4M

428 Rodney St, Brooklyn, NY 11211, USA

$5,400,000

$82/SF

Building Size

65,750 SF

Asset Type

Mixed-use

Closing

Jan 14, 2020

AI

The mixed-use property located at 428 Rodney Street in East Williamsburg has been sold for a price of $5,400,000. The property spans across 6,575 square feet and has a price per square foot of $821. It consists of 5 units, with each unit valued at $1,080,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,400,000
  • Address: 428 Rodney Street
  • Market: East Williamsburg
  • Square Footage: 6,575
  • Price per Square Foot: $821
  • Number of Units: 5
  • Price per Unit: $1,080,000

The seller of the property was the Rojas Family Trust, while the buyer was Cheskie Weisz. The deal was facilitated by brokers Said Boukhalfa and Jonathan Codorniu.

Players

Jonathan Codorniu

Marcus & Millichap

Broker

$20.1M

vol

5 deals

Broker
Cheskie Weisz

Cheskie Weisz

CW Realty

Buyer

$496.8M

vol

18 deals

Buyer

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93