The Kielmanowicz Family Acquires Mixed-Use Property In East Williamsburg, Brooklyn For $1.7M
90 Graham Avenue, Brooklyn, New York 11206, United States
$1,700,000
$367/SF
Building Size
4,625 SF
Asset Type
Mixed-use
Closing
Apr 3, 2022
About this deal
AI
The mixed-use property located at 90 Graham Ave in East Williamsburg, Brooklyn has been sold. The transaction took place on April 4, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Square Footage: 4,625
- Price Per Square Foot: $367
- Address: 90 Graham Ave
- Market: East Williamsburg, Brooklyn
The buyer of the property is The Kielmanowicz Family, while the seller is The Bromberg Family. The transaction was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo from the Marcus & Millichap agency.
Notably, the property consists of two apartments and one store. One of the apartments is subject to rent control.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93