Harry Pollack Acquires Mixed-Use Property On Myrtle Avenue, New York For $3.95M
1215 Myrtle Ave, Brooklyn, NY 11221, USA
Building Size
79,200 SF
Asset Type
Mixed-use
Closing
Feb 27, 2018
About this deal
AI
A mixed-use property located at 1215 Myrtle Avenue in Brooklyn, New York, has been sold for a total price of $3,950,000. The property spans 7,920 square feet, with a price per square foot of $499. It consists of six apartments and one store, totaling seven units.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3,950,000
- Address: 1215 Myrtle Avenue
- City: New York
- Market: Brooklyn
- Square Footage: 7,920 sf
- Price Per Square Foot: $499
- Units: 7 (6 Apartments, 1 Store)
The seller of the property was Tom Bencivengo, while the buyer was Harry Pollack. The transaction was facilitated by Michael Sherman, a representative of The Manhattes Group LLC.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
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