facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

1607 Cortelyou Road, Brookl...

Fei Chen Acquires Mixed-Use Property In Ditmas Park For $1.4M
SOLDMixed-use

Fei Chen Acquires Mixed-Use Property In Ditmas Park For $1.4M

1607 Cortelyou Road, Brooklyn, New York 11226, United States

$1,425,000

$532/SF

Building Size

2,678 SF

Asset Type

Mixed-use

Closing

Mar 22, 2022

AI

The mixed-use property located at 1607 Cortelyou Rd. in Ditmas Park has been sold for $1,425,000. The property spans 2,678 square feet, resulting in a price per square foot of $532. The sale took place on March 23, 2022. The property features a versatile layout that can accommodate both residential and commercial tenants.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,425,000
  • Square Footage: 2,678
  • Price per Square Foot: $532
  • Address: 1607 Cortelyou Rd.
  • Market: Ditmas Park

The buyer of the property is Fei Chen, while the seller is Shu Law. The transaction was facilitated by Erik Rodriguez from Rodriguez Commercial Realty.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93