Serg Danvch Acquires Mixed-use Property In Midwood, Brooklyn For $1.5M
207 Avenue M
$1,500,000
$362/SF
Building Size
4,140 SF
Asset Type
Mixed-use
Closing
Aug 4, 2022
About this deal
AI
The mixed-use property located at 207 Avenue M in Midwood, Brooklyn has been sold for a price of $1,500,000. The property spans 4,140 square feet, resulting in a price per square foot of $362.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 207 Avenue M, Midwood, Brooklyn
- Square Footage: 4,140
- Price per Square Foot: $362
The buyer of the property is Serg Danvch, while the sellers are Daniel Rocco, Anthony Rocco, and Steven Rocco. 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93