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1066 Nostrand Avenue

Updated Sep 5, 2024

Oren Nerai Acquires Mixed-Use Property In New York City For $1.23M
SOLDMixed-use

Oren Nerai Acquires Mixed-Use Property In New York City For $1.23M

1066 Nostrand Avenue

$1,230,000

$372/SF

Building Size

3,300 SF

Asset Type

Mixed-use

Closing

Feb 9, 2023

About this deal

AI

The mixed-use property located at 1066 Nostrand Avenue in New York City has been sold for $1,230,000. The transaction took place on 02/09/2023. The property spans 3,300 square feet and has a price per square foot of $373. The buyer, Oren Nerai, acquired the property from the Breskin Family. The deal was handled by Marcel Fridman of Barcel Group, who represented both the buyer and the seller.

Summary of Transaction Details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,230,000
  • Address: 1066 Nostrand Avenue, New York City
  • Market: New York City
  • Buyer: Oren Nerai
  • Seller: Breskin Family
  • Broker: Marcel Fridman - Barcel Group
  • Square Footage: 3,300
  • Price per Square Foot: $373

Oren Nerai successfully acquired the mixed-use property located at 1066 Nostrand Avenue in New York City. The deal, handled by Marcel Fridman of Barcel Group, was finalized for a sale price of $1,230,000. Both the buyer and the seller, the Breskin Family, were represented by Marcel Fridman in the transaction.

Players

Marcel Fridman

Barcel Group

Broker

$468.3M

vol

146 deals

Broker

Oren Nerai

Buyer

$2.3M

vol

2 deals

Buyer

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $372 per square foot on a published $1.2M for 3,300 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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