Hoch & Elbogen Families Sell Mixed-Use Property In Crown Heights For $2.45M
1975 Union Street, Brownsville, Brooklyn, NY, USA
$2,450,000
$125/SF
Building Size
19,591 SF
Asset Type
Mixed-use
Closing
Aug 30, 2021
About this deal
AI
The mixed-use property located at 1975 Union Street in Crown Heights was recently sold. The transaction took place on 08/30/2021. The property has a total square footage of 19,591 and is zoned as R6. The sale price for the property was $2,450,000, equating to a price per square foot of $125.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,450,000
- Market: Crown Heights
- Address: 1975 Union Street
- Square Footage: 19,591
- Price Per Square Foot: $125
- Seller: The Hoch Family & The Elbogen Family
- Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich @ARG_NYC
The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC. They represented the seller, The Hoch Family & The Elbogen Family, in this transaction.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93