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552 Metropolitan Avenue, Br...

Abel Park Acquires Mixed-Use Property On Metropolitan Avenue In Williamsburg For $2.3M
SOLDMixed-use

Abel Park Acquires Mixed-Use Property On Metropolitan Avenue In Williamsburg For $2.3M

552 Metropolitan Avenue, Brooklyn, New York 11211, United States

$2,300,000

$472/SF

Building Size

4,866 SF

Asset Type

Mixed-use

Closing

Dec 20, 2021

AI

Located in the vibrant neighborhood of Williamsburg, the mixed-use property at 552 Metropolitan Avenue has recently changed hands in a closed transaction. The sale took place on December 20, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,300,000
  • Address: 552 Metropolitan Avenue
  • Market: Williamsburg
  • Zoning: R7A, C2-4
  • Square Footage: 4,866
  • Price per Square Foot: $472

The buyer of the property is Abel Park, while the seller is Heather Cross. The deal was facilitated by Robert Moore, Bryan Kirk, and Brock Emmetsberger from B6 Real Estate Advisors.

For more information about this sale, interested parties can reach out to the broker representatives involved:

- Robert Moore & Bryan Kirk: (646) 933-2624, [email protected]

- Brock Emmetsberger: (646) 933-2620, [email protected]

Players

Brock Emmetsberger

Matthews

Broker

$348M

vol

27 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93