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
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