Townhouse Rental II, LLC Acquires Mixed-Use Property At 499 Grand Street In Williamsburg For $7.5M
499 Grand Street
$7,500,000
$1,339/SF
Building Size
5,600 SF
Asset Type
Mixed-use
Closing
May 14, 2026
About this deal
AI
A 5,600-square-foot mixed-use property located at 499 Grand Street in Williamsburg, Brooklyn, has been sold for $7.5 million. The sale price translates to a price per square foot of $1,339, aligning with the demand for prime assets in the Brooklyn market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Address: 499 Grand Street
- Market: Williamsburg, Brooklyn
- Square Footage: 5,600
- Price Per Square Foot: $1,339
- Buyer: Townhouse Rental II, LLC
- Seller: Greg Fournier - Greenbrook Partners
This transaction reflects the involvement of Townhouse Rental II, LLC as the buyer, with Greg Fournier representing Greenbrook Partners as the seller in this deal. The successful sale signifies active interest in mixed-use properties within this dynamic Brooklyn neighborhood.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93