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
About this deal
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.
On the Map
$4,000,000
$191/SF
Mixed-use
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Players
Brooklyn 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