Abe Cohen & Steven Rosenberg Acquires Mixed-use Property In Brooklyn Heights For $4.7M

The mixed-use property located at 152 Montague Street in Brooklyn Heights has been sold in a closed transaction. The property consists of 8 units, including 7 apartments and 1 store. The total square footage of the property is 6,875, with a price per square foot of $683. The asking price for the property was $6,500,000, but it was ultimately sold for $4,700,000. The sale price represents a per unit price of $522,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,700,000
• Address: 152 Montague Street, Brooklyn Heights
• Market: Brooklyn Heights
• Units: 8 (7 apartments and 1 store)
• Square Footage: 6,875
• Asking Price: $6,500,000
• Price per Square Foot: $683
• Per Unit Price: $522,000

The seller of the property is the Sara Peck Family Limited. The transaction involved a loan amount of $3,650,000, which represents a loan-to-value ratio of 77%. The loan has a term of 5 years and an interest rate of 4.35%.