Marco A. Perez Del Cid Acquires Mixed-Use Property In East Williamsburg For $5.9M
1081 Flushing Avenue, Brooklyn, New York 11237, United States
$5,900,000
$737,500/SF
Building Size
8 SF
Asset Type
Mixed-use
Closing
Dec 13, 2022
About this deal
AI
Located at 1081 Flushing Avenue in East Williamsburg, this mixed-use property was recently sold in a transaction that closed on December 13, 2022. The property spans across 8,460 square feet and was sold for a total price of $5,900,000, resulting in a price per square foot of $697.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,900,000
- Square Footage: 8,460
- Address: 1081 Flushing Avenue
- Market: East Williamsburg
Marco A. Perez Del Cid acquired the property from Juan A. Perez in this sale. Additional information about the deal's key individuals and companies is not available.
Players
Brooklyn 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93