Joel Radmin Acquires Mixed-Use Property In Cobble Hill For $2.2M
224 Court Street, Cobble Hill, Brooklyn, NY, USA
$2,200,000
$610/SF
Building Size
3,602 SF
Asset Type
Mixed-use
Closing
Apr 8, 2021
About this deal
AI
A mixed-use property located at 224 Court Street in Cobble Hill was recently sold for $2,200,000. The property has a building square footage (BSF) of 3,839 and a price per BSF (PPBSF) of $573. The total area of the property is 3,602 square feet, with a price per square foot (PPSF) of $610. The transaction included three units.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 224 Court Street
- Market: Cobble Hill
- Zoning: R6, C1-3
The buyer of the property is Joel Radmin. The deal was facilitated by Shaun Riney, Mike Salvatico, and Robbie Ferman, who represent New York Multifamily at Marcus & Millichap.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93