Connor Domershick & Max Maleh Acquire Mixed-Use Property On Atlantic Ave In Brooklyn For $2.925M
SOLD
$2,925,000
New York
See Similar DealsMixed-use5,000 SF
Sold 07/09/2020
SOLD
Connor Domershick & Max Maleh Acquire Mixed-Use Property On Atlantic Ave In Brooklyn For $2.925M
178 Atlantic Avenue, Brooklyn, NY 11201, USA
See Similar DealsMixed-use5,000 SF
Sold 07/09/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$585
Total Square Footage:5,000 SF
Transaction Type:Sale
A mixed-use property located at 178 Atlantic Ave in Brooklyn has been sold in a recent transaction. The property spans 5,000 square feet and was sold for a sale price of $2,925,000, resulting in a price per square foot of $585. The transaction took place on July 9, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,925,000
- Address: 178 Atlantic Ave
- Market: Brooklyn
- Buyer: Connor Domershick & Max Maleh
- Seller: Jayk Schnall
- Broker: Nir Mor
The buyer of the property is Connor Domershick and Max Maleh. They acquired the property from the seller, Jayk Schnall. The transaction was facilitated by Nir Mor, who represented the buyer as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$156,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,391.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,865.99
Annual Debt Service$166,391.91
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