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71 White Street, Brooklyn, ...

Updated Dec 21, 2023

Joseph Tabak Acquires Warehouse In Williamsburg, Brooklyn For $7.5M
SOLDOther

Joseph Tabak Acquires Warehouse In Williamsburg, Brooklyn For $7.5M

71 White Street, Brooklyn, NY, USA

$7,550,000

$305/SF

Building Size

24,750 SF

Asset Type

Other

Closing

May 2, 2021

About this deal

AI

The warehouse located at 71 White Street in Williamsburg, Brooklyn has been sold in a transaction dated May 3, 2021. The property, zoned as M1-2, spans a total area of 25,003 square feet. The building encompasses 50,000 square feet, with a price per square foot (PPSF) of $305. The total sale price for the property amounts to $7,505,000, with a buildable square footage (BSF) of 50,000. The price per buildable square foot (PPBSF) comes out to be $151. The lot dimensions measure 159.83 feet by 200 feet.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $7,505,000
  • Market: Williamsburg, Brooklyn
  • Buyer: Joseph Tabak
  • Seller: Yoel Goldman
  • Last Sale Price: $8,750,000 (9/11/2015)
  • Permits: Alteration type 3 (01/28/2020)
  • Tax Class: 4
  • FAR: 0.99
  • Lot Size: 25,003

In this transaction, Joseph Tabak has acquired the property at 71 White Street. The seller, Yoel Goldman, oversaw the sale of the warehouse. The previous sale of the property took place on September 11, 2015, with a last sale price of $8,750,000. The property obtained an alteration type 3 permit on January 28, 2020. The tax class assigned to the property is class 4.

On the Map

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$7,550,000

$305/SF

Other

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Players

Joseph Tabak

Princeton Holdings

Buyer

$22.9M

vol

3 deals

Buyer

Yoel Goldman

Seller

$473.8M

vol

8 deals

Seller
Bilt advertisement

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $305 per square foot on a published $7.6M for 24,750 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.10%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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