Fong Au Sells Mixed-Use Property In Williamsburg, Brooklyn For $1.95M
756 Grand Street, Brooklyn, NY, USA
$1,950,000
$333/SF
Building Size
5,840 SF
Asset Type
Mixed-use
Closing
Oct 5, 2021
About this deal
AI
A mixed-use property located at 756 Grand St. in Williamsburg, Brooklyn has been sold for a price of $1,950,000. The property consists of a brick 6-family building with a store, a full basement, and a backyard. It spans across 5,840 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Address: 756 Grand St.
- Market: Williamsburg, Brooklyn
The seller of the property is Fong Au. The deal was facilitated by the brokers Robert Napolitano and Jessie Lookfong from Capri Jet Realty.
Note: The property includes six residential units, along with a store, a full basement, and a backyard. The building is made of brick.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93