Connor Domershick & Max Maleh Acquire Mixed-Use Property On Atlantic Ave In Brooklyn For $2.925M
178 Atlantic Avenue, Brooklyn, NY 11201, USA
$2,925,000
$585/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Jul 9, 2020
About this deal
AI
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.
Players
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
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93