facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

253 Bergen Street, Brooklyn...

Morwin Shmookler Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $1.2M
SOLDMixed-use

Morwin Shmookler Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $1.2M

253 Bergen Street, Brooklyn, NY 11217, USA

$1,200,000

$625/SF

Building Size

1,920 SF

Asset Type

Mixed-use

Closing

Apr 1, 2021

AI

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.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93