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1170 Nostrand Ave, Brooklyn...

Stillwater Property Group Acquires Mixed-Use Building In Brooklyn For $1.7M
SOLDMixed-use

Stillwater Property Group Acquires Mixed-Use Building In Brooklyn For $1.7M

1170 Nostrand Ave, Brooklyn, NY 11225, USA

Building Size

52,380 SF

Asset Type

Mixed-use

Closing

Aug 22, 2017

AI

The mixed-use property located at 1170 Nostrand Avenue in New York City's Brooklyn market has been sold for $1,700,000. The property spans 5,238 square feet and was sold at a price of $325 per square foot.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,700,000
  • Square Footage: 5,238
  • Price Per Square Foot: $325
  • Address: 1170 Nostrand Avenue, New York
  • Market: Brooklyn

Nazila Bardi was the seller of the property, while Stillwater Property Group acted as the buyer. The transaction was facilitated by Sean Lefkovits from HPNY and Rami Polinsky.

Players

Rami Polinsky

Broker

$42.4M

vol

10 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93