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Adam Hanan Acquires Mixed-Use Property On Coney Island Ave, Brooklyn

Property Image
SOLD
$1,730,000

New York

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Mixed-use3,200 SF
Sold
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Property Image
SOLD

Adam Hanan Acquires Mixed-Use Property On Coney Island Ave, Brooklyn

1634 Coney Island Ave, Brooklyn, NY 11230, USA

See Similar Deals
Mixed-use3,200 SF
Sold
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$540
Total Square Footage:3200 SF
Transaction Type:Sale

The mixed-use property located at 1634 Coney Island Ave in Midwood, Brooklyn has been sold. The property boasts a total square footage of 3,200 and was sold at a sale price of $1,730,000. The property was initially listed with an asking price of $1,799,999, indicating that it sold at a slightly lower price. With a price per square foot of $540, this transaction highlights the value of the property in the market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,730,000
  • Seller: Andrea Stack & Janine Gregorio
  • Buyer: Adam Hanan
  • Broker: Four Seasons Realty Co - Anthony Ferraro Jr.

Four Seasons Realty Co, represented by Anthony Ferraro Jr., facilitated the transaction between the sellers, Andrea Stack and Janine Gregorio, and the buyer, Adam Hanan. This deal showcases the expertise and negotiation skills of Anthony Ferraro Jr. in successfully bringing together both parties and ensuring a smooth sale.

Players

Anthony Ferraro Jr.
5 deals$8M volume(646) 919-0910
BROKER

Details

SOLD
IMAGE: Anthony Ferraro Jr. ADDRESS: 1634 Coney Island Ave MARKET: Midwood, Brooklyn ASSET TYPE: Mixed-use SELLER: Andrea Stack & Janine Gregorio BUYER: Adam Hanan BROKER: Four Seasons Realty Co – Anthony Ferraro Jr. ASKING PRICE: $1,799,999 SALE PRICE: $1,730,000 SF: 3,200 PPSF: $540

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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Cash-on-Cash Return-1.27%
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