MilesBronstein, Brett Rosenthal & DerekGreenbaum Acquire Mixed-Use Property In Westchester County For $1.6M
213-215 W 3rd St, Brooklyn, NY, USA
$1,625,000
$169/SF
Building Size
9,600 SF
Asset Type
Mixed-use
Closing
Apr 6, 2021
AI
An 11-unit mixed-use property located at 213-215 W. 3rd St. in Westchester County has been sold for $1,625,000. The property spans 9,600 square feet and was sold at a price of $169 per square foot. The sale price represents a 6.7% capitalization rate.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,625,000
- Units: 11
- Price per Unit: $147,727
- Square Footage: 9,600
- Price per Square Foot: $169
- Capitalization Rate: 6.7%
The buyers of the property include Miles Bronstein, Brett Rosenthal, and Derek Greenbaum. They acquired the property from Abdul Kahn.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93