Matt Nickerson Acquires Mixed-Use Property In Greenpoint, Brooklyn For $3.4M
134 Kingsland Ave, Brooklyn, NY 11222, USA
$3,400,000
$634/SF
Building Size
5,355 SF
Asset Type
Mixed-use
Closing
Jul 26, 2018
AI
An mixed-use property located at 134 Kingsland Avenue in Greenpoint, Brooklyn has been sold for $3,400,000. This property has a total area of 6,680 square feet, resulting in a price per square foot of $509. The transaction closed on July 27, 2018, with a capitalization rate of 5.5%.
Summary of transaction details:
- Property Type: MixedUse
- Transaction Amount: $3,400,000
- Price per Square Foot: $509
- Seller: Edward Vays
- Buyer: Matt Nickerson
TerraCRG, represented by Adam Hess, Eddie Setton, and Aaron Birns, acted as the brokers in this 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93