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
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