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136 Smith St Brooklyn, NY 1...

Venture Capital Properties Acquires Mixed-Use Property In Boerum Hill
SOLDMixed-use

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

Hirschy Zaks from Venture Capital Properties represented the buyer in this transaction, while Anthony M Ponte and Robert Heicklen represented the seller.

Players

Anthony M Ponte

Stonegate Real Estate

Broker

$14.6M

vol

9 deals

Broker

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