DAX Real Estate Acquires Mixed-Use Property In Williamsburg, Brooklyn For $3.1M
810 Grand St, Brooklyn, NY 11206, USA
$3,100,000
$70/SF
Building Size
44,250 SF
Asset Type
Mixed-use
Closing
Mar 3, 2020
About this deal
AI
A mixed-use property located at 810 Grand Street in Williamsburg, Brooklyn has been sold for a price of $3,100,000. The property spans an area of 4,425 square feet, resulting in a price per square foot of $700. The transaction took place on March 4, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Square Footage: 4,425
- Price per Square Foot: $700
- Address: 810 Grand Street, Williamsburg, Brooklyn
The seller of the property was Gerard Blanc, while the buyer was DAX Real Estate. The deal was facilitated by brokers Shaun Riney and Mike Salvatico from Marcus & Millichap.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93