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2915 Avenue N, Midwood, Bro...

Joel Eisdorfer Acquires Mixed-Use Property In Midwood For $3.4M
SOLDMixed-use

Joel Eisdorfer Acquires Mixed-Use Property In Midwood For $3.4M

2915 Avenue N, Midwood, Brooklyn, NY, USA

$3,400,000

$621/SF

Building Size

5,472 SF

Asset Type

Mixed-use

Closing

Jun 24, 2019

AI

The mixed-use property located at 2915, 2917, and 2921 Avenue N in Midwood has been sold in a recent transaction. The property, spanning 5,472 square feet, was sold for a total price of $3,400,000, resulting in a price per square foot of $621. The transaction took place on June 25, 2019.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,400,000
  • Address: 2915, 2917 & 2921 Avenue N
  • Market: Midwood

The seller of the property was the Domilici Family, while the buyer was Joel Eisdorfer. The transaction was facilitated by brokers Matt Cosentino, Fred Bijou, and Eddie Laboz. Representing the buyer and seller, they successfully closed the deal.

Players

Eddie Laboz

Terra CRG

Broker

$16.8M

vol

7 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93