Zalmen Kaufman Acquires Mixed-Use Property In Crown Heights, Brooklyn For $2.675M
Rochester Ave, Brooklyn, NY, USA
$2,675,000
$183/SF
Building Size
14,580 SF
Asset Type
Mixed-use
Closing
Jul 25, 2018
AI
A mixed-use property located at 203, 205, and 207 Rochester Avenue in Crown Heights, Brooklyn, has been sold in a closed transaction. The property, situated on a lot size of 60 X 100, offers a total building size of 14,580 square feet. The transaction was completed on 7/26/18 with a sale price of $2,675,000.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $2,675,000
- Lot Size: 60 X 100
- Building Size: 14,580 square feet
- Seller: New Gethsemane Baptist Church
- Buyer: Zalmen Kaufman
- Brokers: Chaya Zarchi & Judy Friedman of BHTAL Real Estate
Chaya Zarchi and Judy Friedman, representing BHTAL Real Estate, facilitated the transaction between the seller, New Gethsemane Baptist Church, and the buyer, Zalmen Kaufman. Their expertise in the real estate market and their ability to bring both parties to a successful deal played a significant role in the 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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93