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
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