Joe Hammer Sells Mixed-Use Property In Boeurm Hill For $2.15M
196 Bergen Street, Boerum Hill, Brooklyn, NY 11217, USA
$2,150,000
$603/SF
Building Size
3,560 SF
Asset Type
Mixed-use
Closing
Jul 31, 2020
About this deal
AI
The mixed-use property located at 196 Bergen St. in Boerum Hill has been sold for a price of $2,150,000. The property spans 3,560 square feet, resulting in a price per square foot of $603. The sale was completed on July 31, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,150,000
- Address: 196 Bergen St.
- Market: Boerum Hill
- Square Footage: 3,560
The seller of the property was Joe Hammer. Marcel Fridman from Barcel Group represented the seller as the broker in the deal.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93