Eddie Surure Acquires Mixed-Use Building In Brownsville, Brooklyn For $3M
1683 Pitkin Avenue
$3,000,000
$241/SF
Building Size
12,421 SF
Asset Type
Mixed-use
Closing
Dec 6, 2023
About this deal
AI
A two-unit mixed-use building located at 1683 Pitkin Avenue in Brownsville, Brooklyn, has been sold for $3 million. The property spans a total of 12,421 square feet, resulting in a price per square foot of $242. The transaction took place on December 6, 2023.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 1683 Pitkin Avenue
- Market: Brownsville, Brooklyn
- Square Footage: 12,421
- Price per Square Foot: $242
Eddie Surure, represented by the entity 1681 Pitkin Partners LLC, was the buyer in this transaction. The seller was Nakash Holdings and Aaron Cohen. Chester Rockaway Associates facilitated the deal.
On the Map
$3,000,000
$241/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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93