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200 N 8th St Brooklyn, NY 1...

James Tenaglia Acquires Package Deal In Williamsburg, Brooklyn For $1.975M
SOLDPackage Deal

James Tenaglia Acquires Package Deal In Williamsburg, Brooklyn For $1.975M

200 N 8th St Brooklyn, NY 11211, USA

$1,975,000

$790/SF

Building Size

2,500 SF

Asset Type

Package Deal

Closing

Sep 8, 2023

AI

A package deal comprising 200 North 8th Street and 537 Driggs Avenue in Williamsburg, Brooklyn has been sold. The buyer, James Tenaglia, acquired the property assets from the seller, Eugene Snyder, for a total price of $1,975,000. The combined square footage of the properties is approximately 2,500 square feet, resulting in a price per square foot of $790.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $1,975,000
  • Buyer: James Tenaglia
  • Seller: Eugene Snyder
  • Address: 200 North 8th Street & 537 Driggs Avenue
  • Market: Williamsburg, Brooklyn
  • Square Footage: 2,500
  • Price per Square Foot: $790

James Tenaglia acted as the buyer in this transaction, demonstrating an active interest in the Williamsburg market. On the other side, Eugene Snyder, the seller, made the decision to part ways with the property assets. This deal highlights the ongoing real estate activity in Williamsburg, Brooklyn.

Players

James Tenaglia, Jr.

Buyer

$5.1M

vol

2 deals

Buyer

Market Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93