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855 Grand Street, Brooklyn,...

DAX Real Estate Acquires Mixed-use Property In Williamsburg, Brooklyn For $2.1M
SOLDMixed-use

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

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

Sam Horowitz

Broker

$6.3M

vol

2 deals

Broker
Daniel Hedaya

Daniel Hedaya

DAX Real Estate

Buyer

$79.7M

vol

15 deals

Buyer

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