Jackson Group Acquires Mixed-Use Property In Brooklyn's Cobble Hill For $3.2M
SOLD
$3,200,000
New York
See Similar DealsMixed-use40,000 SF
Sold
SOLD
Jackson Group Acquires Mixed-Use Property In Brooklyn's Cobble Hill For $3.2M
133 Smith St, Brooklyn, NY 11201, USA
See Similar DealsMixed-use40,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$80
Total Square Footage:40000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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