Updated Oct 28, 2024
Dress Code NY Acquires Mixed-Use Property In Williamsburg For $5.35M
663 Driggs Avenue, Brooklyn, New York 11211, United States
$5,350,000
$1,448/SF
Building Size
3,693 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
663 Driggs Ave. in Williamsburg has been sold in a mixed-use transaction for a total price of $5,350,000. The property spans across 3,750 square feet, resulting in a price per square foot of $1,426.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,350,000
- Address: 663 Driggs Ave.
- Market: Williamsburg
- Buyer: Dress Code NY
- Seller: Linnae Hamilton
- Broker: Michal Kuras - William Green Real Estate
The buyer, Dress Code NY, acquired the property from the seller, Linnae Hamilton. The deal was facilitated by broker Michal Kuras from William Green Real Estate.
On the Map
$5,350,000
$1,448/SF
MultiFamily
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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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93