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456 Grand Street

Chirag Doshi, Amit Doshi & Ryan Delmonte Of Meridian Capital Group Complete Sale Of 456 Grand Street For $39M
SOLDMixed-use

Chirag Doshi, Amit Doshi & Ryan Delmonte Of Meridian Capital Group Complete Sale Of 456 Grand Street For $39M

456 Grand Street

$39,000,000

$523/SF

Building Size

74,573 SF

Asset Type

Mixed-use

Closing

Jun 15, 2026

AI

The property asset involved in the transaction is a mixed-use development located at 456 Grand Street in Brooklyn. It comprises 52 apartments along with ground floor retail space and parking. The sale price was $39,000,000, with the property offering a total square footage of 74,573 and a per unit price of $750,000, resulting in a price per square foot of $522.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $39,000,000
  • Units: 52
  • Price Per Unit: $750,000
  • Square Footage: 74,573
  • Price Per Square Foot: $522
  • Date of Transaction: 6/16/2026
  • Address: 456 Grand Street
  • Market: Brooklyn

The brokers involved in the deal are Chirag Doshi, Amit Doshi, and Ryan Delmonte from Meridian Capital Group. Note from the broker indicates that 456 Grand Street is an expiring 421a property with substantial mark-to-market upside in a prime Williamsburg location.

Players

Amit Doshi

Meridian Capital Group

Broker

$1.3B

vol

88 deals

Broker

Brooklyn 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93