SOLDMixed-use
Rafi Ashkenazi Acquires Mixed Use Property In Brooklyn For $4.35M
1425 Kings Hwy, Brooklyn, NY 11229, USA
Building Size
5,004 SF
Asset Type
Mixed-use
Closing
Apr 30, 2017
About this deal
AI
A mixed-use property located at 1425 Kings Hwy in Brooklyn has been sold for a price of $4,350,000. The property has a total square footage of 5,004, equating to a price per square foot of $869. The transaction took place in the NYC Boroughs market.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $4,350,000
- Square Footage: 5,004
- Price per Square Foot: $869
- Address: 1425 Kings Hwy, Brooklyn
- Market: NYC Boroughs
The seller of the property was Demetra Alatsas, while the buyer was Rafi Ashkenazi.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93