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75 North 7th Street

JLL Brokers Sell Retail Property At 75 N. 7th St. In Williamsburg, Brooklyn For $24.1M
SOLDRetail

JLL Brokers Sell Retail Property At 75 N. 7th St. In Williamsburg, Brooklyn For $24.1M

75 North 7th Street

$24,100,000

$1,139/SF

Building Size

21,150 SF

Asset Type

Retail

Closing

Jul 26, 2022

AI

The retail property located at 75 N. 7th St. in Williamsburg, Brooklyn has been sold by Largo Investments. The sale price for this transaction was $24,100,000, and the property spans across 21,150 square feet. The price per square foot for this sale was $1,139.

Summary of transaction details

The deal was facilitated by the brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Alex Geonakos, and Connor McCullough from JLL. They represented the parties involved in the transaction, providing expertise and guidance throughout the process.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
LI
Largo InvestmentsSeller

Hudson Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93