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
About this deal
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.
On the Map
$2,650,000
$609/SF
Mixed-use
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Players
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93