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
About this deal
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.
On the Map
$4,125,000
$1,096/SF
Mixed-use
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Players
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