Yankov Weiss Acquires Mixed-Use & Retail Properties In Williamsburg, Brooklyn For $7.95M
691 Broadway Brooklyn, New York 11206, USA
$7,950,000
$918/SF
Building Size
8,660 SF
Asset Type
Mixed-use
Closing
Jun 5, 2023
About this deal
AI
Ana Kappel has sold three buildings in Williamsburg, Brooklyn to Yankov Weiss for a total of $8 million. The properties include a two-unit mixed-use building and two retail buildings located on Broadway. The buildings have an aggregate gross square footage (BSF) of 25,223, giving a price per BSF of $315. The total square footage (SF) of the properties is 8,660, resulting in a price per SF of $918.
Summary of transaction details
- Property Type: Mixed-Use & Retail
- Transaction Amount: $7,950,000
- Address: 691 Broadway, 693 Broadway & 697 Broadway
- Market: Williamsburg, Brooklyn
Yankov Weiss acted as the buyer in this transaction, while Ana Kappel served as the seller. The sale took place on the 6th of May, 2023.
It is worth noting that Ana Kappel's sale of these properties to Yankov Weiss signifies a significant transaction in the Williamsburg, Brooklyn market.
Players
Brooklyn 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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93