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207 Avenue M

Serg Danvch Acquires Mixed-use Property In Midwood, Brooklyn For $1.5M
SOLDMixed-use

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

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

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

Serg Danvch

Buyer

$5.7M

vol

3 deals

Buyer

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