Jamie Anthony & Andrew Bradfield Sell Brooklyn Heights Retail Condo For $2.85M
70 Schermerhorn Street
$2,850,000
$975/SF
Building Size
2,921 SF
Asset Type
Condo
Closing
Sep 29, 2022
About this deal
AI
Located at 70 Schermerhorn Street in Brooklyn Heights, this sale involved a retail condo spanning 2,921 square feet. The transaction took place on 09/29/2022, with a selling price of $2,850,000, translating to a price per square foot of $975.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $2,850,000
- Market: Brooklyn Heights
- Seller: Andrew Bradfield & Jamie Anthony
- Brokers: Sean R. Kelly Esq., Stephen Vorvolakos, Lawrence Sarn - Ariel Property Advisors, Lucas Smith & Sarah Jones - Oxford Property Group
The key individuals involved in this transaction include Sean R. Kelly Esq., Stephen Vorvolakos, Lawrence Sarn from Ariel Property Advisors, and Lucas Smith along with Sarah Jones from Oxford Property Group. They played crucial roles in facilitating the sale of this retail condo.
On the Map
$2,850,000
$975/SF
Condo
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New York Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93