Cycamore Living Acquires Mixed-Use Property In Crown Heights For $1.9M
SOLD
$1,925,000
+ 3
New York
See Similar DealsMixed-use3,763 SF
Sold
SOLD
Cycamore Living Acquires Mixed-Use Property In Crown Heights For $1.9M
1375 Bedford Avenue, Brooklyn, NY 11216, USA
See Similar DealsMixed-use3,763 SF
Sold
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$511
Total Square Footage:3763 SF
Transaction Type:Sale
The mixed-use property located at 1375 Bedford Ave in Crown Heights has been sold. The transaction took place on April 17, 2019.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,925,000
- Sale Price per Square Foot: $511
- Number of Units: 3
- Price per Unit: $641,666
- CAP Rate: 5.9%
Moshe Simpson was the seller, while Cycamore Living represented by Johnny Din and Jon Cypers acted as the buyer for this transaction. TerraCRG, represented by Matt Cosentino, Fred Bijou, Damhi Shaw, Eddie Laboz, and Eric Satanovsky, served as the brokers involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79
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