Brent Stoltzfus Acquires Mixed-Use Property In Sheapshead Bay, Brooklyn For $1.2M
2123 Avenue U, Brooklyn, NY 11229, USA
$1,200,000
$368/SF
Building Size
3,260 SF
Asset Type
Mixed-use
Closing
Oct 27, 2019
About this deal
AI
Located in Sheepshead Bay, Brooklyn, the mixed-use property at 2123 Avenue U has been sold in a closed transaction. The property features a total square footage of 3,260 and was sold for a price of $1,200,000, resulting in a price per square foot of $368. The asset consists of 2 units, with a price per unit of $600,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Square Footage: 3,260
- Address: 2123 Avenue U
- Market: Sheepshead Bay, Brooklyn
The seller of the property was Charlie Santore, while the buyer was Brent Stoltzfus. The deal was facilitated by brokers Scott Plasky, Mike Cimino, and Gregory Melanson.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93