Connor Domershick & Max Maleh Acquire Mixed-use Property In Brooklyn Heights For $2.8M
143 Montague St, Brooklyn, NY 11201, USA
$7,420,000
$94/SF
Building Size
78,500 SF
Asset Type
Mixed-use
Closing
Nov 13, 2018
About this deal
AI
Located in Brooklyn Heights, the mixed-use property at 128 Montague St has been sold in a recent transaction. Spanning a total square footage of 8,029, the property consists of 11 units and offers a diverse range of uses. The asset, with a sale price of $2,800,000, has a price per square foot of $348.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,800,000
- Address: 128 Montague St
- Market: Brooklyn Heights
- Zoning: R7-1, C1-3, LH-1
The transaction involved Connor Domershick and Max Maleh as the buyers, while Gary Pan acted as the seller. Representing the buyers in the deal were Christen Portelli and Ty Gallishaw from @HighcapGroup. The mortgage brokerage services were provided by Robert Tobias from RJT Capital Partners.
Note: No additional information was available about the property or the deal.
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93