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2146-2150 Beverley Road

New Apostolic Church Acquires Mixed-Use Property In Brooklyn For $4M
SOLDMixed-use

New Apostolic Church Acquires Mixed-Use Property In Brooklyn For $4M

2146-2150 Beverley Road

$4,000,000

$579/SF

Building Size

6,900 SF

Asset Type

Mixed-use

Closing

Jan 17, 2023

AI

The mixed-use property located at 2146-2150 Beverley Road in Brooklyn has been sold in a recent transaction. The property spans across 6,900 square feet and was sold at a price of $4,000,000, resulting in a price per square foot of $580. The buyer in this transaction was the New Apostolic Church, while the seller was Beverley Properties, represented by Raphael Harooni. Jacob Harooni from SP Capital Group acted as the broker in this deal.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $4,000,000
  • Square Footage: 6,900
  • Price Per Square Foot: $580
  • Buyer: New Apostolic Church
  • Seller: Beverley Properties - Raphael Harooni
  • Broker: Jacob Harooni - SP Capital Group

Jacob Harooni successfully found a buyer for this property within two weeks of the exclusive listing. Additionally, he is currently representing multiple clients who are undergoing 1031 exchanges and are interested in purchasing properties. If you are looking to buy or sell properties in any of the five boroughs, please get in touch with [email protected].

Players

Jacob Harooni

SP Capital Group

Broker

$52.1M

vol

10 deals

Broker

Raphael Harooni

Seller

$6.4M

vol

2 deals

Seller

Brooklyn 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93