Venture Capital Properties Acquires Mixed-Use Property In Boerum Hill
136 Smith St Brooklyn, NY 11201, USA
$1,200,000
$484/SF
Building Size
2,478 SF
Asset Type
Mixed-use
Closing
Jun 21, 2023
AI
The mixed-use property located at 136 Smith Street in Boerum Hill has been sold for $1,200,000. The property spans an area of 2,478 square feet, with a price per square foot of $484.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,200,000
- Address: 136 Smith Street
- Market: Boerum Hill
- Seller: Ramos Family
- Buyer's Rep: Hirschy Zaks - Venture Capital Properties
- Seller's Rep: Anthony M Ponte, Robert Heicklen
Hirschy Zaks from Venture Capital Properties represented the buyer in this transaction, while Anthony M Ponte and Robert Heicklen represented the seller.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93