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304 Boerum Street, Brooklyn...

Highcap Group Brokers Facilitate $14.5M Package Deal Sale In Williamsburg
SOLDMixed-use

Highcap Group Brokers Facilitate $14.5M Package Deal Sale In Williamsburg

304 Boerum Street, Brooklyn, New York 11206, United States

$14,500,000

$362/SF

Building Size

40,000 SF

Asset Type

Mixed-use

Closing

Dec 27, 2021

AI

A package deal comprising 82-90 & 92-100 White Street, also known as 304 Boerum St and 307 McKibben Street, was recently sold in Williamsburg. The property consists of a 4-story, 40,000 square foot IMD Building, along with a 12,740 square foot lot zoned M1-2. It spans the entire blockfront, offering 200 feet of frontage on White Street, stretching from Boerum St to McKibben St. The sale price for this package deal was $14,500,000, resulting in a price per square foot of $362.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $14,500,000
  • Address: 82-90 & 92-100 White Street A.K.A 304 Boerum St and 307 McKibben Street
  • Market: Williamsburg
  • Square Footage: 40,000 SF
  • Seller: Robert Herschenfeld
  • Brokers: Alan Vargas & Colin Glenn - Highcap Group

The deal was facilitated by Alan Vargas and Colin Glenn, representatives from Highcap Group. They played a crucial role in the transaction, ensuring a successful sale of this prime package deal in Williamsburg.

Players

Colin Glenn

Highcap Group

Broker

$14.5M

vol

1 deal

Broker

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93