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
About this deal
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.
On the Map
$5,400,000
$82/SF
Mixed-use
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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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93