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Hersh Richard Purchases Mixed-Use Property In Borough Park Brooklyn From David Mendelovitz For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMixed-use4,176 SF
Sold 05/06/2026
SOLD
Hersh Richard Purchases Mixed-Use Property In Borough Park Brooklyn From David Mendelovitz For $3.4M
1265 46th Street
See Similar DealsMixed-use4,176 SF
Sold 05/06/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$814
Total Square Footage:4,176 SF
Transaction Type:Sale
A 4,176-square-foot mixed-use property located at 1265 46th Street in Borough Park, Brooklyn has been sold for $3.4 million. The asset price translates to $814 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Buyer: Hersh Richard
- Seller: David Mendelovitz
- Square Footage: 4,176
- Price Per Square Foot: $814
- Transaction Date: 05/06/2026
- Market: Borough Park, Brooklyn
The buyer, Hersh Richard, engaged in the transaction with the seller David Mendelovitz for the mixed-use asset. The deal reflects a significant investment in the Borough Park area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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