Chang Xian Chen Acquires Mixed-Use Property In Brownsville, Brooklyn For $1.6M
1168 Willmohr St, Brooklyn, NY 11212, USA
$1,632,500
$25/SF
Building Size
63,750 SF
Asset Type
Mixed-use
Closing
Aug 9, 2020
About this deal
AI
A mixed-use property located at 1168 Willmohr Street in Brownsville, Brooklyn has been sold in a recent transaction. The property, which has a total square footage of 6,375, features a combination of residential and commercial units. The sale price for this property was $1,632,500, resulting in a price per square foot of $256. With a total of 7 units, the price per unit comes to approximately $233,142. The property is classified as tax class 2B and is zoned for R6 and C1-3.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $1,632,500
- Square Footage: 6,375
- Address: 1168 Willmohr Street, Brownsville, Brooklyn
- Market: Brownsville, Brooklyn
- Tax Class: 2B
In this transaction, the buyer was Chang Xian Chen and the seller was Qing Shi. The deal was facilitated by Barbie Li, a representative from the agency Barbie Li NY Broker.
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
9.72%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93