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
About this deal
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.
The mixed use sale at 1184 Nostrand Avenue in Brooklyn, New York sold for $1.6M in 2024. The building is 3,364 square feet, implying about 481 per square foot on the published price. Ian Mednick, Compass appear on the sale alongside Compass. This page is the Brooklyn, New York file for the 1184 Nostrand Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else sold near 1184 Nostrand Avenue around 2024. Published consideration for 1184 Nostrand Avenue is $1.6M, dated 2024. Cite this Ming Guo Hong Purchases Mixed-Use Property From Renata Gomes For $1.62M sale when underwriting similar mixed use product around Brooklyn, New York.
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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