Merdad Ghanooni Acquires Mixed-Use Property In Midwood, Brooklyn For $1.15M
SOLD
$1,150,000
New York
See Similar DealsMixed-use3,160 SF
Sold 08/16/2022
SOLD
Merdad Ghanooni Acquires Mixed-Use Property In Midwood, Brooklyn For $1.15M
1418 Coney Island Avenue
See Similar DealsMixed-use3,160 SF
Sold 08/16/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$363
Total Square Footage:3,160 SF
Transaction Type:Sale
The mixed-use property located at 1418 Coney Island Ave. in Midwood, Brooklyn has been sold. The transaction took place on 08/16/2022. The property spans across 3,160 square feet and was sold for a price of $1,150,000, resulting in a price per square foot of $363.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,150,000
- Address: 1418 Coney Island Ave.
- Market: Midwood, Brooklyn
- Buyer: Merdad Ghanooni
- Seller: Berezin Family
- Brokers: Eli Maryl & Ohad Babo - GFI Realty
Eli Maryl and Ohad Babo from GFI Realty represented the buyer and seller, facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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