Highcap Group Brokers Facilitate $14.5M Package Deal Sale In Williamsburg
304 Boerum Street, Brooklyn, New York 11206, United States
$14,500,000
$362/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Dec 27, 2021
About this deal
AI
A package deal comprising 82-90 & 92-100 White Street, also known as 304 Boerum St and 307 McKibben Street, was recently sold in Williamsburg. The property consists of a 4-story, 40,000 square foot IMD Building, along with a 12,740 square foot lot zoned M1-2. It spans the entire blockfront, offering 200 feet of frontage on White Street, stretching from Boerum St to McKibben St. The sale price for this package deal was $14,500,000, resulting in a price per square foot of $362.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $14,500,000
- Address: 82-90 & 92-100 White Street A.K.A 304 Boerum St and 307 McKibben Street
- Market: Williamsburg
- Square Footage: 40,000 SF
- Seller: Robert Herschenfeld
- Brokers: Alan Vargas & Colin Glenn - Highcap Group
The deal was facilitated by Alan Vargas and Colin Glenn, representatives from Highcap Group. They played a crucial role in the transaction, ensuring a successful sale of this prime package deal in Williamsburg.
On the Map
$14,500,000
$362/SF
Mixed-use
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Property Record
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93