Alan Ditchek Acquires Mixed-Use Property In Sheepshead Bay For $1.15M
2417 Avenue U, Brooklyn, NY 11229
$1,155,000
$412/SF
Building Size
2,800 SF
Asset Type
Mixed-use
Closing
Feb 5, 2019
About this deal
AI
A mixed-use property located at 2417 Avenue U in Sheepshead Bay, Brooklyn has been sold in a recent transaction. The property, featuring a combination of residential and commercial spaces, was sold for a price of $1,155,000. With a total square footage of , the property is situated in the Sheepshead Bay market, known for its diverse offerings.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,155,000
- Price per square foot: $412
- CAP Rate: 3.62%
The seller of the property was Yehezkel Salman, while the buyer was Alan Ditchek. The deal was facilitated by brokers John Brennan and Victor Holguin of Marcus & Millichap. They represented their respective clients throughout the transaction.
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
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93