The Mann Family Sells Mixed-Use Property In Crown Heights, Brooklyn For $2.5M
1034 Nostrand Ave, Brooklyn, NY 11225, USA
$2,500,000
$75/SF
Building Size
33,000 SF
Asset Type
Mixed-use
Closing
Jun 14, 2018
About this deal
AI
The mixed-use property located at 1034 Nostrand Ave in Brooklyn's Crown Heights neighborhood has been sold for $2,500,000. The property spans 3,300 square feet and is owned by The Mann Family. The transaction was financed by Columbia Bank.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $2,500,000
- Square Footage: 3,300
- Address: 1034 Nostrand Ave, Brooklyn
- Market: Crown Heights
Eli Mann represented The Mann Family as their broker in this deal.
The mixed use loan at 1034 Nostrand Ave, Brooklyn, NY 11225, USA in New York, New York financed for $2.5M in 2018. The building is 33,000 square feet, implying about 75 per square foot on the published price. Named participants on the 1034 Nostrand Ave, Brooklyn, NY 11225, USA loan are Mann Family. This page is the New York, New York file for the 1034 Nostrand Ave, Brooklyn, NY 11225, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 1034 Nostrand Ave, Brooklyn, NY 11225, USA around 2018. Published consideration for 1034 Nostrand Ave, Brooklyn, NY 11225, USA is $2.5M, dated 2018. Cite this The Mann Family Sells Mixed-Use Property In Crown Heights, Brooklyn For $2.5M loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93