United American Land Acquires Mixed-Use Building In Brooklyn For $6.3M
56 Willoughby St Brooklyn New York, New York 11201, USA
$6,300,000
$1,184/SF
Building Size
5,320 SF
Asset Type
Mixed-use
Closing
May 4, 2023
AI
United American Land, owned by the Laboz family, has acquired a mixed-use building at 56 Willoughby Street in Downtown Brooklyn for $6.3 million from Judith Golowa. The building, part of a large assemblage that the Laboz family has been putting together over the past 25 years, boasts 5,320 sq ft of built space and 12,664 sq ft of additional air rights.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $6,300,000
- Address: 56 Willoughby Street
- Market: Brooklyn
- Buyer: United American Land - Al Laboz
- Seller: Judith Golowa
- BSF: 17,990
- PPBSF: $350
- SF: 5,320
- PPSF: $1,184
United American Land, represented by Al Laboz, successfully closed the deal on this mixed-use property. The Laboz family's acquisition of 56 Willoughby Street further adds to their extensive portfolio in Downtown Brooklyn.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93