DAX Real Estate Acquires Mixed-use Property In Williamsburg, Brooklyn For $2.1M
SOLD
$2,075,000
New York
See Similar DealsMixed-use4,752 SF
Sold 12/29/2020
SOLD
DAX Real Estate Acquires Mixed-use Property In Williamsburg, Brooklyn For $2.1M
855 Grand Street, Brooklyn, NY, USA
See Similar DealsMixed-use4,752 SF
Sold 12/29/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$436
Total Square Footage:4,752 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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