Joel Eisdorfer Acquires Mixed-Use Property In Midwood For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMixed-use5,472 SF
Sold
SOLD
Joel Eisdorfer Acquires Mixed-Use Property In Midwood For $3.4M
2915 Avenue N, Midwood, Brooklyn, NY, USA
See Similar DealsMixed-use5,472 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$621
Total Square Footage:5472 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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