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236 Montgomery Street

Jay Schip Acquires Mixed-use Property On 236 Montgomery St. In Crown Heights, Brooklyn For $4M
SOLDMixed-use

Jay Schip Acquires Mixed-use Property On 236 Montgomery St. In Crown Heights, Brooklyn For $4M

236 Montgomery Street

$4,000,000

$191/SF

Building Size

20,880 SF

Asset Type

Mixed-use

Closing

Aug 23, 2022

AI

A mixed-use property located at 236 Montgomery St. in Crown Heights, Brooklyn, has been sold in a transaction facilitated by Rosewood Realty Group. The property spans 20,880 square feet and was sold for $4,000,000, resulting in a price per square foot of $191.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,000,000
  • Address: 236 Montgomery St.
  • Market: Crown Heights, Brooklyn

The buyer in this transaction is Jay Schip, while Charles Hirsch is the seller. The deal was facilitated by Aaron Jungreis, Ben Khakshoor, Josh Shmuel, and Alex Fuchs of Rosewood Realty Group.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93