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272 3rd Avenue, Brooklyn, N...

Pamela Murphy Acquires Mixed-Use Property In Brooklyn For $2.35M
SOLDMixed-use

Pamela Murphy Acquires Mixed-Use Property In Brooklyn For $2.35M

272 3rd Avenue, Brooklyn, NY, USA

$2,350,000

$671/SF

Building Size

3,500 SF

Asset Type

Mixed-use

Closing

Nov 11, 2020

AI

An mixed-use property located at 272 3rd Avenue in Brooklyn has been sold in a recent transaction. The property spans across 3,500 square feet and was sold for a price of $2,350,000, resulting in a price per square foot of $671. The sale was finalized on 11/12/2020.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,350,000
  • Address: 272 3rd Avenue, Brooklyn
  • Market: Brooklyn

The buyer of the property is named Pamela Murphy, while the seller is identified as The D’Alessio Family. The transaction was facilitated by Joseph Baglio from Madison Estates. Joseph Baglio represented the buyer, Pamela Murphy, in this deal.

Players

Joseph Baglio

Madison Estates

Broker

$13.7M

vol

5 deals

Broker

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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93