Jack Rothstein Sells Mixed-Use Property On President Street In Crown Heights For $4M
1130 President Street, Brooklyn, NY, USA
$4,000,000
$480/SF
Building Size
8,333 SF
Asset Type
Mixed-use
Closing
Aug 3, 2021
About this deal
AI
The mixed-use property located at 1130-1136 President Street (241 Rogers Avenue) in Crown Heights was recently sold for $4,000,000. The transaction took place on August 4, 2021, and the property spans an area of 8,333 square feet. With a price per square foot of $480, the property was sold at a capitalization rate of 5.5%.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Address: 1130-1136 President Street (241 Rogers Avenue)
- Market: Crown Heights
- Square Footage: 8,333
- Price per Square Foot: $480
- Capitalization Rate: 5.5%
The seller of the property was Jack Rothstein. The sale was facilitated by Adam Hess and Edward Setton from Meridian Capital Group, who represented Jack Rothstein in the transaction.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93