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259 Rogers Ave, Brooklyn, N...

G-Way Management Acquires Vacant Mixed-Use Building In Crown Heights For $1.625M
SOLDMixed-use

G-Way Management Acquires Vacant Mixed-Use Building In Crown Heights For $1.625M

259 Rogers Ave, Brooklyn, NY 11225, USA

Building Size

3,300 SF

Asset Type

Mixed-use

Closing

Jul 25, 2018

AI

Located at 259 Rogers Avenue in the Crown Heights neighborhood of Brooklyn, this vacant mixed-use building was recently sold in a closed transaction. The property spans 3,300 square feet and was purchased for a price of $1,625,000.

Summary of Transaction Details

  • Property Type: Vacant Mixed Use Building
  • Transaction Amount: $1,625,000
  • Size: 3,300 sqft
  • Address: 259 Rogers Avenue, Brooklyn, New York
  • Market: Crown Heights

G-Way Management, represented by Ami Ariel, acquired the property from the Lang Family. The transaction was facilitated by the Barcel Group, with Marcel Fridman serving as their broker.

Players

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker

Ami Ariel

G-Way

Buyer

$54.5M

vol

8 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93