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
Market 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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93