Land Labor Capital, Lincoln Property Company & Rockpoint Acquire Mixed-Use Asset In Williamsburg From Double U Realty
56 North 9th Street
Building Size
99,878 SF
Asset Type
Mixed-use
Closing
Jul 20, 2025
AI
This mixed-use asset is located at 56 North 9th Street in Williamsburg, Brooklyn and was involved in a recent sale transaction. The property, characteristic of the mixed-use category, plays a significant role in the local market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Buyer: Land Labor Capital & Lincoln Property Company & Rockpoint
- Seller: Double U Realty
- Broker: Chirag Doshi - Meridian Capital Group
The transaction featured key players in the real estate industry, with Chirag Doshi acting as the broker representing both the buyers and the seller in this deal. The collaboration among Land Labor Capital, Lincoln Property Company, and Rockpoint underscores a significant investment in the Brooklyn market.
Players
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93