SOLDMixed-use
Ming Guo Hong Purchases Mixed-Use Property From Renata Gomes For $1.62M
1184 Nostrand Avenue
$1,620,000
$481/SF
Building Size
3,364 SF
Asset Type
Mixed-use
Closing
Apr 3, 2024
AI
Located at 1184 Nostrand Avenue in Prospect Lefferts Gardens, the mixed-use property involved in the transaction was sold for $1,620,000. The building spans 3,364 square feet, resulting in a price per square foot of $482.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,620,000
- Buyer: Ming Guo Hong
- Seller: Renata Gomes
- Brokers: Ian Mednick - Compass
The deal was facilitated by Ian Mednick from Compass, representing the buyer and the seller in the transaction.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93