Interborough Developmental & Consultation Center Acquires Mixed-use Property In Brooklyn For $18M
1623 Kings Highway, Brooklyn, NY 11229
$18,000,000
$900/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Apr 1, 2019
About this deal
AI
The mixed-use property located at 1623 Kings Hwy in Brooklyn has been sold for $18,000,000. The property spans 20,000 square feet, resulting in a price per square foot of $900.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Seller: Illan Goldstein
- Buyer: Interborough Developmental & Consultation Center
- Broker: Josh Augenbaum - Augenbaum Realty Corp.
- Market: Brooklyn
- Address: 1623 Kings Hwy
The deal was facilitated by broker Josh Augenbaum from Augenbaum Realty Corp.
The mixed use sale at 1623 Kings Highway, Brooklyn, NY 11229 in Brooklyn, New York sold for $18M in 2019. The building is 20,000 square feet, implying about 900 per square foot on the published price. Josh Augenbaum, Augenbaum Realty appear on the sale alongside Augenbaum Realty. This page is the Brooklyn, New York file for the 1623 Kings Highway, Brooklyn, NY 11229 mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else sold near 1623 Kings Highway, Brooklyn, NY 11229 around 2019. Published consideration for 1623 Kings Highway, Brooklyn, NY 11229 is $18M, dated 2019. Cite this Interborough Developmental & Consultation Center Acquires Mixed-use Property In Brooklyn For $18M sale when underwriting similar mixed use product around Brooklyn, New York.
On the Map
$18,000,000
$900/SF
Mixed-use
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Players
Brooklyn 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93