DAX Real Estate Acquires Mixed-Use Property In Williamsburg For $5.8M
191 Grand Street, Brooklyn, New York 11211, United States
$5,800,000
$823/SF
Building Size
7,042 SF
Asset Type
MultiFamily
Closing
May 31, 2022
AI
Located at 191 Grand Street in Williamsburg, this mixed-use property was recently sold in a closed transaction. The property consists of 3 residential units and 1 retail condominium, offering a total square footage of 7,039. The sale price for this transaction was $5,800,000, resulting in a price per square foot of $823.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,800,000
- Address: 191 Grand Street
- Market: Williamsburg
- Units: 3 (Residential) + 1 (Retail Condo)
- Square Footage: 7,039
- Price per Square Foot: $823
- Buyer: DAX Real Estate
- Seller: Howard Hershkovich
Daniel Hedaya and Max Seibald represented the buyer, DAX Real Estate, in this transaction. The sale of this property marks a successful deal for both the buyer and the seller, adding another successful transaction to their respective portfolios.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93