Morwin Shmookler Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $1.2M
SOLD
$1,200,000
New York
See Similar DealsMixed-use1,920 SF
Sold 04/02/2021
SOLD
Morwin Shmookler Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $1.2M
253 Bergen Street, Brooklyn, NY 11217, USA
See Similar DealsMixed-use1,920 SF
Sold 04/02/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$625
Total Square Footage:1,920 SF
Transaction Type:Sale
Located in Boerum Hill, Brooklyn, the mixed-use property at 253 Bergen Street has been sold in a recent transaction. The property spans 1,920 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $625. The sale took place on 04/02/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 253 Bergen Street, Boerum Hill, Brooklyn
- Square Footage: 1,920
- Market: Boerum Hill, Brooklyn
The buyer in this transaction was Morwin Shmookler, and the seller was Ramsey El-Taieb. The deal was facilitated by brokers Matt Fotis and Sebastian Altilio from Marcus & Millichap NY.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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