David Khaloyan & KSM Holdings Acquire Mixed-Use Property In Brooklyn For $1.975M
159 Saint Nicholas Avenue, Brooklyn, New York 11237, United States
$1,975,000
$411/SF
Building Size
4,800 SF
Asset Type
Mixed-use
Closing
Feb 17, 2022
About this deal
AI
Located at 159 St. Nicholas Ave in Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans approximately 4,800 square feet and was sold for a price of $1,975,000, resulting in a price per square foot of $411. The transaction took place on February 18, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,975,000
- Address: 159 St. Nicholas Ave, Brooklyn
- Market: Brooklyn
- Buyer: David Khaloyan & KSM Holdings
- Seller: Motti Tasman
David Khaloyan, along with KSM Holdings, acted as the buyer in this transaction, while Motti Tasman was the seller. The property offers a combination of commercial and residential spaces, making it a versatile investment opportunity. This successful sale demonstrates the desirability of the property in the Brooklyn market.
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93