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
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