FFF Properties Acquires Mixed-Use Property In Clinton Hill For $26M
1007 Atlantic Ave, Brooklyn, NY 11238, USA
$26,000,000
$3,376/SF
Building Size
7,700 SF
Asset Type
Mixed-use
Closing
Dec 5, 2019
AI
The mixed-use property located at 1007 Atlantic Avenue in Clinton Hill has been sold for a price of $26,000,000. The property is situated in a vibrant market and offers a combination of residential and commercial space.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $26,000,000
- Address: 1007 Atlantic Avenue
- Market: Clinton Hill
The buyer for this transaction is FFF Properties, represented by Nicolas Dayan. On the other hand, the property was sold by Sterling Town Equities, represented by Yossi Ariel. The transaction was facilitated by a team of brokers including Ofer Cohen, Matt Cosentino, Fred Bijou, Steven Rutman, Jeff Julien, and Rob Hinckley from Terracrg.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93