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56 Willoughby St Brooklyn N...

United American Land Acquires Mixed-Use Building In Brooklyn For $6.3M
SOLDMixed-use

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.

Players

Albert Laboz

United American Land

Buyer

$323.8M

vol

11 deals

Buyer

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