Jackson Group Acquires Mixed-Use Property In Brooklyn's Cobble Hill For $3.2M
133 Smith St, Brooklyn, NY 11201, USA
$3,200,000
$80/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Jul 21, 2019
About this deal
AI
The mixed-use property at 133 Smith St in Brooklyn's Cobble Hill neighborhood has been sold in an off-market transaction. The property spans 4,000 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $800.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Address: 133 Smith St, Brooklyn, Cobble Hill
- Market: Brooklyn, Cobble Hill
The seller of the property is The Kurtz Family Estate, while the buyer is Jackson Group represented by Elliott Chehebar.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93