St. Nicks Alliance Acquires Retail Property In Williamsburg, Brooklyn For $6.2M
819 Grand Street, Williamsburg, Brooklyn, NY, USA
$6,200,000
$571/SF
Building Size
10,841 SF
Asset Type
Retail
Closing
Nov 15, 2021
About this deal
AI
The retail property located at 819 Grand Street in Williamsburg, Brooklyn has been sold in a transaction that took place on November 15, 2021. The property, spanning 10,841 square feet, was sold for a total price of $6,200,000, resulting in a price per square foot of $571. The buyer in this transaction was St. Nicks Alliance, while RW Real Estate Group acted as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 819 Grand Street
- Market: Williamsburg, Brooklyn
- Size: 10,841 square feet
- Price per Square Foot: $571
The sale of this retail property was facilitated by the real estate brokerage firm JLL. The brokers involved in the transaction were Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford. They represented both the buyer, St. Nicks Alliance, and the seller, RW Real Estate Group.
Players
New York 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93