@KAWS Acquires Williamsburg Property From @ThorEquities And Colt Equities For $17M
93 N 9th St, Brooklyn, NY 11249, USA
$17,000,000
$1,700/SF
Building Size
10,000 SF
Asset Type
Other
Closing
Nov 29, 2020
About this deal
AI
The property located at 93 North 9th Street in Williamsburg has been sold in a closed transaction. The buyer of the property is @KAWS, and the seller is @ThorEquities - Joseph Sitt & Colt Equities - @JackJSitt. The transaction was completed for a price of $17,000,000. The property spans 10,000 square feet, resulting in a price per square foot of $1,700.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $17,000,000
- Buyer: @KAWS
- Seller: @ThorEquities – Joseph Sitt & Colt Equities – @JackJSitt
- Address: 93 North 9th Street
- Market: Williamsburg
The individuals and companies involved in this deal include @KAWS as the buyer and @ThorEquities and Colt Equities as the sellers. It is worth noting that @ThorEquities and Colt Equities originally purchased the property in 2015 for a price of $8.35M.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93