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1424 Avenue J, Brooklyn, NY...

Mansoor Hatanian Acquires Mixed-Use Property In Brooklyn For $3.6M
SOLDMixed-use

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

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:

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

Sylvia Spielman

Broker

$84.3M

vol

8 deals

Broker

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