Mansoor Hatanian Acquires Mixed-Use Property In Brooklyn For $3.6M
1424 Avenue J, Brooklyn, NY, 11230
$3,600,000
$486/SF
Building Size
7,400 SF
Asset Type
Mixed-use
Closing
Jun 19, 2016
About this deal
AI
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.
Players
Brooklyn 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93