HP Hooper Street HDFC paid $5M to 293-301 Hooper Street Housing Development Fund

HP Hooper Street Housing Development Fund Company paid 293-301 Hooper Street Housing Development Fund $5.4 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 70 residential units at 386 South 5th Street, 293 Hooper Street in Williamsburg. The deal closed on August 26, 2019 and was recorded on September 10, 2019. The parcel(s) have total development potential of 49,500 square feet.
The sale price per unit is $77,143.
The estimated cap rate is 7.3%
The last time the property sold was February 26, 2008, for $4,654,624.

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Direct link to the city’s interactive property map, ZOLA. link

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