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452 East New York Avenue

Updated Dec 21, 2023

Oren Nerai Acquires Mixed-Use Property On East New York Avenue In Prospect Lefferts Garden For $1.05M
SOLD

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 FridmanBarcel 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

Marcel Fridman

Barcel Group

Broker

$468.3M

vol

146 deals

Broker

Oren Nerai

Buyer

$2.3M

vol

2 deals

Buyer

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

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