Eddie Chung Acquires Mixed-Use Property On Ocean Avenue In New York City For $3.45M
1781 Ocean Ave Brooklyn, NY 11230, USA
$3,450,000
$513/SF
Building Size
6,720 SF
Asset Type
Mixed-use
Closing
May 19, 2023
AI
A mixed-use property located at 1781 Ocean Avenue in New York City has been sold for a price of $3,450,000. The property spans over 6,720 square feet, resulting in a price per square foot of $513. The sale was completed on 05/19/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,450,000
- Address: 1781 Ocean Avenue
- Market: New York City
- Square Footage: 6,720
- Price per Square Foot: $513
Eddie Chung served as the buyer in this transaction, while JBS Realty acted as the seller. The deal was facilitated by the broker representatives Brian Whelan, Alix Curtin, and Jermaine Pugh from B6 Real Estate Advisors.
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93