Klein Family Acquires Mixed-Use Property In Midwood Brooklyn From Moshe Abady For $1.3M
1267 Coney Island Avenue
$1,300,000
$738/SF
Building Size
1,760 SF
Asset Type
Mixed-use
Closing
Nov 2, 2022
About this deal
AI
This transaction involved a mixed-use property located at 1267 Coney Island Avenue in Midwood, Brooklyn. The sale price was $1,300,000 for a total space of 1,760 square feet, translating to a price per square foot of $739.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1,300,000
- Buyer: Klein Family
- Seller: Moshe Abady
- Broker: Meyer Dagmy - MOD Commercial Realty
The transaction highlights the involvement of Meyer Dagmy as the representative of MOD Commercial Realty in the deal, facilitating the exchange between the Klein Family and Moshe Abady.
Players
New York 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93