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56 North 9th Street

Land Labor Capital, Lincoln Property Company & Rockpoint Acquire Mixed-Use Asset In Williamsburg From Double U Realty
SOLDMixed-use

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

Chirag Doshi

Meridian Capital Group

Broker

$263.2M

vol

9 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93