Wilfred Europe Sells Mixed-Use Property In Crown Heights For $1.7M
1401 Bedford Avenue, Brooklyn, New York 11216, United States
$1,725,000
$383/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Jun 29, 2022
About this deal
AI
A mixed-use property located at 1401 Bedford Ave. in Crown Heights was recently sold in a closed transaction. The property spans approximately 4,500 square feet and was sold for a total price of $1,725,000, resulting in a price per square foot of $383. The sale of this property was facilitated by Marcel Fridman from Barcel Group, who represented the seller, Wilfred Europe.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,725,000
- Square Footage: 4,500
- Price per Square Foot: $383
- Address: 1401 Bedford Ave., Crown Heights
- Seller: Wilfred Europe
- Broker: Marcel Fridman - Barcel Group
Marcel Fridman from Barcel Group played a crucial role in facilitating the sale of this mixed-use property located at 1401 Bedford Ave. in Crown Heights. The successful transaction resulted in a sale price of $1,725,000, with a price per square foot of $383. Wilfred Europe acted as the seller in this deal, with Marcel Fridman representing their interests as the broker.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93