facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

590 Broadway

Moses Landau Acquires Mixed-Use Property On 590 Broadway In Williamsburg For $2.65M
SOLDMixed-use

Moses Landau Acquires Mixed-Use Property On 590 Broadway In Williamsburg For $2.65M

590 Broadway

$2,650,000

$609/SF

Building Size

4,350 SF

Asset Type

Mixed-use

Closing

Aug 8, 2022

AI

Located at 590 Broadway in the Williamsburg market, a mixed-use property has been sold for a total of $2,650,000. Spanning across 4,350 square feet, the property was sold at an average price of $609 per square foot. The transaction took place on 08/08/2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,650,000
  • Address: 590 Broadway
  • Market: Williamsburg

Moses Landau acquired the property from Jon Bakhash in this transaction. The deal was facilitated by Ben Khakshoor from Rosewood Realty Group, who acted as the broker representing both parties involved in the sale.

Players

Ben Khakshoor

Rosewood Realty Group

Broker

$1.9B

vol

135 deals

Broker

Jon Bakhash

Seller

$9.3M

vol

3 deals

Seller

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93