David Kramer Acquires Mixed-Use Development In Brooklyn's Ocean Hill For $31.2M
1884 Broadway Brooklyn, Ny 11207, Usa
$31,200,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 2, 2023
About this deal
AI
A mixed-use development consisting of 66 apartments and retail spaces located at 1884 Broadway in Brooklyn's Ocean Hill neighborhood has been sold for $31.2 million.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $31,200,000
- Address: 1884 Broadway
- Market: Brooklyn
David Kramer has purchased the property from Joel Schwartz.
The mixed use sale at 1884 Broadway Brooklyn, Ny 11207, Usa in New York, New York sold for $31.2M in 2023. 1884 Broadway Brooklyn, Ny 11207, Usa is classified as Mixed Use on Traded. Named participants on the 1884 Broadway Brooklyn, Ny 11207, Usa sale are Joel Schwartz, David Kramer. This page is the New York, New York file for the 1884 Broadway Brooklyn, Ny 11207, Usa mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 1884 Broadway Brooklyn, Ny 11207, Usa around 2023. Published consideration for 1884 Broadway Brooklyn, Ny 11207, Usa is $31.2M, dated 2023. Cite this David Kramer Acquires Mixed-Use Development In Brooklyn's Ocean Hill For $31.2M sale when underwriting similar mixed use product around New York, New York.
On the Map
$31,200,000
Mixed-use
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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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93