Kings Highway Realty Of NY LLC Acquires Mixed-Use Asset In Brooklyn For $13.5M
1302 Kings Highway, Brooklyn, NY 11229, USA
$13,500,000
$558/SF
Building Size
24,168 SF
Asset Type
Mixed-use
Closing
Oct 11, 2018
About this deal
AI
An mixed-use property located at 1302-04 Kings Highway in Brooklyn has been sold for a price of $13,500,000. The transaction took place on October 12, 2018. The property is situated in a vibrant market in Brooklyn.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $13,500,000
- Seller: Lido Realty, LLC - Mr. Illan Goldstein
- Buyer: Kings Highway Realty of NY LLC. Mr. Arthur and Lenny Vayner
- Brokers: Josh Augenbaum, Augenbaum Realty Corp. & Chaim Cahane, Forte Capital Management LLC
The buyer, Kings Highway Realty of NY LLC, was represented in the deal by Mr. Arthur and Lenny Vayner. On the other hand, the seller, Lido Realty, LLC, was represented by Mr. Illan Goldstein. The transaction was facilitated by brokers Josh Augenbaum of Augenbaum Realty Corp. and Chaim Cahane of Forte Capital Management LLC.
On the Map
$13,500,000
$558/SF
Mixed-use
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Players
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93