JLL Brokers Sell Mixed-Use Property In Williamsburg, Brooklyn For $13.3M
750 Grand Street, Brooklyn, NY 11211
$13,275,000
$331/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Jan 18, 2022
About this deal
AI
The mixed-use property located at 750 Grand Street in Williamsburg, Brooklyn was recently sold for a total of $13,275,000. The property spans approximately 40,000 square feet, resulting in a price per square foot of $331. The sale took place on January 18, 2022, and involved the seller, The Bohlen Family.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $13,275,000
- Address: 750 Grand Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The sale of this mixed-use property was facilitated by JLL, with Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and Patrick Madigan acting as brokers representing the seller.
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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93