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
- Property Type: Retail
- Transaction Amount: $24,100,000
- Address: 75 N. 7th St., Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Seller: Largo Investments
- Brokers: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Alex Geonakos & Connor McCullough - JLL
- Square Footage: 21,150
- Price per Square Foot: $1,139
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
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