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1502 East 14th Street, Broo...

Tom Shimura Sells Mixed-use Property On E. 14th St. In Midwood For $2.95M With Avraham Birnbaum & Reuben Lugassy - Twelve Stones Realty
SOLDMixed-use

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

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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