Witnick Properties Sells Mixed-Use Property In Cobble Hill For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMixed-use4,620 SF
Sold 10/30/2023
SOLD
Witnick Properties Sells Mixed-Use Property In Cobble Hill For $3.4M
148 Atlantic Avenue
See Similar DealsMixed-use4,620 SF
Sold 10/30/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$735
Total Square Footage:4,620 SF
Transaction Type:Sale
A mixed-use property located at 148 Atlantic Avenue in Cobble Hill, Brooklyn has been sold. The property spans 4,620 square feet and was sold for a total price of $3,400,000, resulting in a price per square foot of $736.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Square Footage: 4,620
- Address: 148 Atlantic Avenue, Cobble Hill
- Market: Cobble Hill
The seller of the property was Isaac Abraham from Witnick Properties. The transaction was facilitated by Marcel Fridman from Barcel Group, who represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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