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1790 Broadway, New York, NY...

Amy Lam Acquires Mixed-Use Property In Brooklyn For $1.68M
SOLDMixed-use

Amy Lam Acquires Mixed-Use Property In Brooklyn For $1.68M

1790 Broadway, New York, NY 10019, USA

Building Size

3,200 SF

Asset Type

Mixed-use

Closing

Jun 15, 2018

AI

1790 Broadway, located in Brooklyn, New York, has been sold in a closed transaction. This mixed-use property spans 3,200 gross square feet and was sold for a price of $1,680,000. The price per square foot (PPSF) for this transaction was $525, while the capitalization rate (CAP RATE) was 7.72%.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,680,000
  • Address: 1790 Broadway, Brooklyn, New York
  • Market: Brooklyn
  • Gross Square Feet: 3,200
  • Price per Square Foot (PPSF): $525
  • Capitalization Rate (CAP RATE): 7.72%

Amy Lam has acquired 1790 Broadway from Morty Kozak. The transaction was facilitated by Matt Fotis and Tyler Schadt from Marcus & Millichap, who acted as the brokers in this deal.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

Morty Kozak

Seller

$2.6M

vol

2 deals

Seller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93