MilesBronstein, Brett Rosenthal & DerekGreenbaum Acquire Mixed-Use Property In Westchester County For $1.6M
SOLD
$1,625,000
New York
See Similar DealsMixed-use9,600 SF
Sold 04/07/2021
SOLD
MilesBronstein, Brett Rosenthal & DerekGreenbaum Acquire Mixed-Use Property In Westchester County For $1.6M
213-215 W 3rd St, Brooklyn, NY, USA
See Similar DealsMixed-use9,600 SF
Sold 04/07/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$169
Total Square Footage:9,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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