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
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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