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
New York 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93