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187 State Street

Alpha Realty Acquires Mixed-Use Property In Downtown Brooklyn For $4.1M
SOLDMixed-use

Alpha Realty Acquires Mixed-Use Property In Downtown Brooklyn For $4.1M

187 State Street

$4,125,000

$1,096/SF

Building Size

3,763 SF

Asset Type

Mixed-use

Closing

Dec 21, 2023

AI

Located at 187 State Street in Downtown Brooklyn, a mixed-use property has recently been sold for a total price of $4,125,000. The property spans 3,763 square feet, resulting in a price per square foot of $1,096.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,125,000
  • Address: 187 State Street
  • Market: Downtown Brooklyn

The sale of this mixed-use property was facilitated by Lev Mavashev, Daniel Aminov, and David Marciano, representing Alpha Realty. They played crucial roles in negotiating and finalizing the transaction.

Players

David Marciano

Alpha Realty

Broker

$67.1M

vol

9 deals

Broker

Brooklyn 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

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93