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
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