Ortega Family Sells Mixed-Use Property In Clinton Hill For $2.36M - Marcel Fridman Represents Barcel Group
296 Willoughby Ave.
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
The mixed-use property located at 296 Willoughby Ave. in Clinton Hill has been sold for $2,360,000. The property spans 8,076 square feet and has a price per square foot of $292. The transaction was completed on 07/21/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,360,000
The seller of the property is the Ortega Family. The transaction was facilitated by Marcel Fridman of the Barcel Group, who represented the seller.
Traded’s record for 296 Willoughby Ave. in New York, New York covers a commercial sale from 2022. Named participants on the 296 Willoughby Ave. sale are Ortega Family. This page is the New York, New York file for the 296 Willoughby Ave. commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 296 Willoughby Ave. around 2022. Cite this Ortega Family Sells Mixed-Use Property In Clinton Hill For $2.36M - Marcel Fridman Represents Barcel Group sale when underwriting similar commercial product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93