Connor Domershick & Max Maleh Acquire Mixed-Use Property On Atlantic Ave. In Cobble Hill, Brooklyn
180 Atlantic Avenue, Brooklyn, NY, USA
$4,035,000
$700/SF
Building Size
5,760 SF
Asset Type
Mixed-use
Closing
Jul 22, 2020
About this deal
AI
The mixed-use property located at 180 Atlantic Ave. in Cobble Hill, Brooklyn, has been sold for $4,035,000. Spanning across 5,760 square feet, the property was purchased by Connor Domershick and Max Maleh from seller Tom Daly. The sale was facilitated by broker Nir Mor from CPPRE, representing the buyers in the transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,035,000
- Address: 180 Atlantic Ave., Cobble Hill, Brooklyn
- Buyer: Connor Domershick & Max Maleh
- Seller: Tom Daly
- Broker: Nir Mor - CPPRE
- Square Footage: 5,760
- Price Per Square Foot: $700
Connor Domershick and Max Maleh successfully acquired the mixed-use property at 180 Atlantic Ave. in Cobble Hill, Brooklyn. Their purchase was orchestrated by Nir Mor from CPPRE, who represented them as their broker in the transaction.
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
3.93%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93