Moses Landau Acquires Mixed-Use Property On 590 Broadway In Williamsburg For $2.65M
SOLD
$2,650,000
New York
See Similar DealsMixed-use4,350 SF
Sold 08/08/2022
SOLD
Moses Landau Acquires Mixed-Use Property On 590 Broadway In Williamsburg For $2.65M
590 Broadway
See Similar DealsMixed-use4,350 SF
Sold 08/08/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$609
Total Square Footage:4,350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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