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Peter G. Papamichael Acquires Specialty Retail Property In Williamsburg Brooklyn For $3.1M

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SOLD
$3,100,000

New York

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Special Purpose7,200 SF
Sold 04/13/2026
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Property Image
SOLD

Peter G. Papamichael Acquires Specialty Retail Property In Williamsburg Brooklyn For $3.1M

184 North 8th Street

See Similar Deals
Special Purpose7,200 SF
Sold 04/13/2026
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Summary

NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$430
Total Square Footage:7,200 SF
Transaction Type:Sale

A specialty retail property was sold for $3,100,000, located at 184 North 8th Street in Williamsburg, Brooklyn. The building has a total area of 7,200 square feet, equating to a price per square foot of $431.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $3,100,000
  • Address: 184 North 8th Street
  • Market: Williamsburg, Brooklyn
  • Square Footage: 7,200
  • Price per Square Foot: $431
  • Buyer: Peter G. Papamichael
  • Seller: Elizabeth Comerford
  • Seller Company: Cilium Corp.

Peter Papamichael, acting through Lic01 LLC, purchased the property from Elizabeth Comerford, indicating plans for a cash-flowing use. This transaction highlights the ongoing interest in specialty retail assets in the Williamsburg area.

Players

2 deals$28.9M volume
BUYER

Details

SOLD
IMAGE: Peter G. Papamichael DATE: 04/13/2026 ADDRESS: 184 North 8th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Special Purpose BUYER: Peter G. Papamichael SELLER: Elizabeth Comerford SALE PRICE: $3,100,000 SF: 7,200 ~ PPSF: $431 NOTE: Peter Papamichael, via Lic01 LLC, acquired a specialty retail property at 184 North 8th Street in Williamsburg, Brooklyn from Elizabeth Comerford (Cilium Corp.) for $3.1M, with plans for cash-flowing use.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98