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203 Columbia St, Brooklyn, ...

Adam Mitchenson & Jessica Mezei Acquire Mixed-Use Property In Columbia Waterfront District, BK For $2.1M
SOLDMixed-use

Adam Mitchenson & Jessica Mezei Acquire Mixed-Use Property In Columbia Waterfront District, BK For $2.1M

203 Columbia St, Brooklyn, NY 11231, USA

$2,157,250

$682/SF

Building Size

3,163 SF

Asset Type

Mixed-use

Closing

Mar 15, 2020

AI

203 Columbia St in the Columbia Waterfront District, BK has been sold in a closed transaction. The mixed-use property spans 3,163 square feet and was sold for a price of $2,157,250, resulting in a price per square foot of $682. The property is located in the desirable Columbia Waterfront District area of Brooklyn.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,157,250
  • Square Footage: 3,163
  • Price Per Square Foot: $682
  • Address: 203 Columbia St
  • Market: Columbia Waterfront District, BK

The seller of the property was Susan Schwartz, while Adam Mitchenson and Jessica Mezei were the buyers. The deal was facilitated by TerraCRG, with Peter Schubert, Matt Cosentino, and Nicholas Hershey serving as the brokers representing the parties involved.

Players

Nicholas Hershey

Broker

$2.2M

vol

1 deal

Broker

Susan Schwartz

Seller

$5.3M

vol

2 deals

Seller

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

7.35%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93