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
About this deal
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.
On the Map
Mixed-use
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93