G Way Management Acquires Mixed Use Property In Crown Heights For $1.22M
SOLD
$1,222,500
+ 2
New York
See Similar DealsMixed-use2,970 SF
Sold 05/14/2019
SOLD
G Way Management Acquires Mixed Use Property In Crown Heights For $1.22M
294 Rogers Ave, Crown Heights, Brooklyn, NY, USA
See Similar DealsMixed-use2,970 SF
Sold 05/14/2019
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$411
Total Square Footage:2,970 SF
Transaction Type:Sale
The mixed-use property located at 294 Rogers Ave in Crown Heights was recently sold in a transaction. The sale took place on 05/14/2019 and the property was purchased by G Way Management - Ami Ariel. The seller of the property was Dorothy Hutchinson. The deal was facilitated by the brokers Brian Davila, Steve Reynolds, and Brian Underkofler from BRG CRE.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $1,222,500
- Size: 2,970 square feet
- Price per Square Foot: $412
- Market: Crown Heights
The individuals and companies involved in the deal were G Way Management - Ami Ariel as the buyer and Dorothy Hutchinson as the seller. The brokers from BRG CRE, Brian Davila, Steve Reynolds, and Brian Underkofler, represented the parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,343.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,795.27
Annual Debt Service$69,543.28
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