Mansoor Hatanian Acquires Mixed-Use Property In Brooklyn For $3.6M
SOLD
New York
See Similar DealsMixed-use7,400 SF
Sold 06/19/2016
SOLD
Mansoor Hatanian Acquires Mixed-Use Property In Brooklyn For $3.6M
1424 Avenue J, Brooklyn, NY, 11230
See Similar DealsMixed-use7,400 SF
Sold 06/19/2016
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$486
Total Square Footage:7,400 SF
Transaction Type:Sale
1424 Avenue J in Brooklyn, NY, 11230, is a mixed-use property that was sold for $3,600,000.00. The asset spans 7,400 square feet and was part of a transaction that took place on 19th June 2016 in the Brooklyn market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000.00
- Buyer: Mansoor Hatanian
- Seller: North Gate Realty
- Buyer's Representative: Sylvia Spielman
- Seller's Representative: Shulem Paneth from GFI Realty Services
The deal at 1424 Avenue J was facilitated by Sylvia Spielman, who represented the buyer, Mansoor Hatanian, in the transaction. On the other side, Shulem Paneth from GFI Realty Services acted as the seller's representative, assisting North Gate Realty in the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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