Oren Nerai Acquires Mixed-Use Property On East New York Avenue In Prospect Lefferts Garden For $1.05M
$1,050,000
Units
350
Asset Type
—
Closing
Sep 26, 2019
About this deal
AI
The mixed-use property located at 452 East New York Avenue in Prospect Lefferts Garden has been sold in a closed transaction. The property consisted of 1 apartment and 4 stores, totaling 3,000 square feet. The asking price for the property was $1,200,000, but it was ultimately sold for $1,050,000, resulting in a price per square foot of $350.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,050,000
- Seller: Karla Unver
- Buyer: Oren Nerai
- Broker: Marcel Fridman – Barcel group
- Address: 452 East New York Avenue
- Market: Prospect Lefferts Garden
- Square Footage: 3,000
- Units: 1 Apartment, 4 Stores
The deal was facilitated by Marcel Fridman from the Barcel group, who represented both the buyer, Oren Nerai, and the seller, Karla Unver. With a sale price of $1,050,000, the transaction highlights the successful negotiation and agreement between the parties involved.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93