Martin Mittelman Acquires Mixed-Use Property In South Slope, Brooklyn For $3M
281 20th Street, Greenwood Heights, Brooklyn, NY, USA
$3,000,000
$478/SF
Building Size
6,275 SF
Asset Type
Mixed-use
Closing
Jul 30, 2020
About this deal
AI
The mixed-use property located at 281 20 Street in South Slope, Brooklyn has been sold in a recent transaction. The property consists of a warehouse and two residential units, making it a total of three units. The sale, which took place on July 30, 2021, was facilitated by broker Matthew Kaplon from Kaplon-Belo Affiliates LLC. The buyer, Martin Mittelman, purchased the property from the seller, Dino Jafferakos.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 281 20 Street, South Slope, Brooklyn
- Market: South Slope, Brooklyn
- Number of Units: 3 (Warehouse + 2 Residential Units)
The sale price for the property was $3,000,000, with a total area of 6,275 square feet. The price per square foot (PPSF) was $478. Matthew Kaplon from Kaplon-Belo Affiliates LLC represented both the buyer and the seller in this transaction.
On the Map
$3,000,000
$478/SF
Mixed-use
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Players
Brooklyn 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93