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
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93