McKenna Family Sells Mixed-Use Property In Homecrest For $3M
2077 Coney Island Ave, Brooklyn, NY 11223, USA
$3,000,000
$45/SF
Building Size
66,000 SF
Asset Type
Mixed-use
Closing
Mar 5, 2020
AI
The mixed-use property located at 2077-2079 Coney Island Avenue in the Homecrest market has been sold. The property spans a total of 6,600 square feet and was listed with an asking price of $3,500,000. The McKenna Family acted as the sellers in this transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 2077-2079 Coney Island Avenue, Homecrest
- Market: Homecrest
- Square Footage: 6,600 SF
- Seller: McKenna Family
The deal was facilitated by brokers Joseph Baglio and Jack Sardar. They represented the interests of the McKenna 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93