FFF Properties Acquires Mixed-Use Property In Clinton Hill For $26M
SOLD
$26,000,000
+ 4
New York
See Similar DealsMixed-use7,700 SF
Sold 12/06/2019
SOLD
FFF Properties Acquires Mixed-Use Property In Clinton Hill For $26M
1007 Atlantic Ave, Brooklyn, NY 11238, USA
See Similar DealsMixed-use7,700 SF
Sold 12/06/2019
+ 4
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$3,376
Total Square Footage:7,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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