SOLDMixed-use
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
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.
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