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1723 Elm Avenue, Brooklyn, ...

Equitas Capital & Commercial Acquisitions Acquire Mixed-Use Property In Brooklyn For $2.47M
SOLDMixed-use

Equitas Capital & Commercial Acquisitions Acquire Mixed-Use Property In Brooklyn For $2.47M

1723 Elm Avenue, Brooklyn, NY 11230, USA

$2,475,000

$247/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Nov 19, 2021

AI

A mixed-use property located at 1723 Elm Avenue in Brooklyn has recently been sold for $2,475,000. The property spans approximately 10,000 square feet, resulting in a price per square foot of $247. The transaction took place on November 19, 2021, and involved brokers Alex Leykind and Michael Fey from Equitas Capital, as well as Arsen Atbashyan and Vadim Atbashyan from Commercial Acquisitions.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,475,000
  • Address: 1723 Elm Avenue, Brooklyn
  • Square Footage: 10,000
  • Price per Square Foot: $247
  • Market: Brooklyn
  • Brokers: Alex Leykind & Michael Fey - Equitas Capital, Arsen Atbashyan & Vadim Atbashyan - Commercial Acquisitions

Equitas Capital Group specializes in providing customized solutions for commercial real estate financing needs. They prioritize building relationships with their clients and understanding their specific challenges and perspectives. With market-leading technology and a dedicated team, Equitas Capital focuses on securing loans with the most favorable rates and benefits in the shortest possible time frame. For more information, interested parties can contact Equitas Capital at 646.637.7510.

Commercial Acquisitions is available to assist individuals who are interested in purchasing properties or finding tenants for their existing properties. To learn more about their services, please contact them at 917-939-3760 or 516-852-1601.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

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

6.41%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93