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213-215 W 3rd St, Brooklyn,...

MilesBronstein, Brett Rosenthal & DerekGreenbaum Acquire Mixed-Use Property In Westchester County For $1.6M
SOLDMixed-use

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

Miles Bronstein

Buyer

$12.4M

vol

6 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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93