Strulovitch Family Acquires Mixed-Use Property In Brooklyn For $7.35M
1355-1357 60th Street, 5902-5912 & 5614 New Utrecht Avenue
$7,350,000
$242/SF
Building Size
30,303 SF
Asset Type
Mixed-use
Closing
Feb 24, 2023
AI
A mixed-use property located at 1355-1357 60th Street, 5902-5912 & 5614 New Utrecht Avenue in Brooklyn has been sold in a recent transaction. The property spans approximately 30,303 square feet with a price per square foot of $243. The sale price for this transaction amounted to $7,350,000.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $7,350,000
- Address: 1355-1357 60th Street, 5902-5912 & 5614 New Utrecht Avenue
- Market: Brooklyn
- Square Footage: 30,303
- Price per Square Foot: $243
The buyers of this property are the Strulovitch Family, while the sellers are the Montag Family. The transaction was facilitated by Amit Doshi, Shallini Mehra, David Ravvin, Eliezer Finkel, and Rael Gervis from Meridian Capital Group.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93