DAX Real Estate Acquires Mixed-use Property In Williamsburg, Brooklyn For $2.1M
855 Grand Street, Brooklyn, NY, USA
$2,075,000
$436/SF
Building Size
4,752 SF
Asset Type
Mixed-use
Closing
Dec 28, 2020
About this deal
AI
Located in Williamsburg, Brooklyn, the mixed-use property at 855 Grand Street has been sold. The transaction took place on December 29, 2020, and the property was purchased for a total price of $2,075,000. Spanning 4,752 square feet, the property offers a price per square foot of $436.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,075,000
- Address: 855 Grand Street, Williamsburg, Brooklyn
- Square Footage: 4,752
- Price Per Square Foot: $436
DAX Real Estate, represented by Danny Hedaya and Max Seibald, acquired the property from the Terry Family Trust. The transaction was facilitated by Sam Horowitz of Samuel Realty Group.
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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93