SOLDMixed-use
Commercial Acquisitions Sells Mixed-Use Property In Brighton Beach, Brooklyn For $2.25M
191 Neptune Avenue
$2,250,000
$468/SF
Building Size
4,800 SF
Asset Type
Mixed-use
Closing
Jul 26, 2022
AI
The mixed-use property located at 191 Neptune Ave. in Brighton Beach, Brooklyn has been sold for $2,250,000. The property spans approximately 4,800 square feet, resulting in a price per square foot of $468.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $2,250,000
- Square Footage: 4,800
- Price Per Square Foot: $468
- Address: 191 Neptune Ave.
- Market: Brighton Beach, Brooklyn
Serg Danvch acted as the seller in this transaction. The deal was facilitated by Arsen Atbashyan from Commercial Acquisitions.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93