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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93