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281 20th Street, Greenwood ...

Martin Mittelman Acquires Mixed-Use Property In South Slope, Brooklyn For $3M
SOLDMixed-use

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

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.

Players

Matthew Kaplon

Kaplon-Belo Real Estate

Broker

$23.3M

vol

6 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93