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1168 Willmohr St, Brooklyn,...

Updated Dec 20, 2023

Chang Xian Chen Acquires Mixed-Use Property In Brownsville, Brooklyn For $1.6M
SOLDMixed-use

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

Li Li

B Square Realty

Broker

$83.2M

vol

50 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $25 per square foot on a published $1.6M for 63,750 square feet (2020).

Visit Li (Barbie) Li to view all their deals.

Browse New York mixed use sales on Traded.

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

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