Jin Li Acquires Mixed-Use Property In Brooklyn For $2.35M
1901 Bath Ave, Brooklyn, NY 11214, USA
$2,345,000
$406/SF
Building Size
5,775 SF
Asset Type
Mixed-use
Closing
Sep 15, 2020
About this deal
AI
A mixed-use property located at 1901-1915 Bath Avenue in Brooklyn has been sold for a price of $2,345,000. The property consists of 10 units, including 2 apartments and 8 stores, with a total square footage of 5,775. The price per square foot for this transaction was $406, and the property was sold at a capitalization rate of 4.85%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,345,000
- Market: Brooklyn
- SF: 5,775
- PPSF: $406
- Units: 10 (2 apartments, 8 stores)
- PPU: $234,500
- CAP: 4.85%
The buyer of the property was Jin Li, and the seller was Giovanni Cafiso. The deal was facilitated by John Brennan and Samuel Finkler from the Marcus & Millichap brokerage.
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
6.76%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93