Jay Schip Acquires Mixed-use Property On 236 Montgomery St. In Crown Heights, Brooklyn For $4M
SOLD
$4,000,000
+ 1
New York
See Similar DealsMixed-use20,880 SF
Sold 08/23/2022
SOLD
Jay Schip Acquires Mixed-use Property On 236 Montgomery St. In Crown Heights, Brooklyn For $4M
236 Montgomery Street
See Similar DealsMixed-use20,880 SF
Sold 08/23/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$191
Total Square Footage:20,880 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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