Tom Shimura Sells Mixed-use Property On E. 14th St. In Midwood For $2.95M With Avraham Birnbaum & Reuben Lugassy - Twelve Stones Realty
1502 East 14th Street, Brooklyn, New York 11230, United States
$2,950,000
$278/SF
Building Size
10,612 SF
Asset Type
Mixed-use
Closing
Mar 31, 2022
AI
The mixed-use property located at 1502 E. 14th St. in Midwood has been sold for $2,950,000. The transaction took place on 04/01/2022. The property spans across 10,612 square feet, resulting in a price per square foot of $277. The seller of the property was Tom Shimura. The sale was facilitated by brokers Avraham Birnbaum and Reuben Lugassy of Twelve Stones Realty.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,950,000
- Date: 04/01/2022
- Address: 1502 E. 14th St.
- Market: Midwood
- Size: 10,612 square feet
- Price per Square Foot: $277
In this transaction, Avraham Birnbaum and Reuben Lugassy of Twelve Stones Realty represented the buyer and seller respectively. They played a crucial role in ensuring the successful completion of the deal.
Players
New York 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93