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294 Rogers Ave, Crown Heigh...

G Way Management Acquires Mixed Use Property In Crown Heights For $1.22M
SOLDMixed-use

G Way Management Acquires Mixed Use Property In Crown Heights For $1.22M

294 Rogers Ave, Crown Heights, Brooklyn, NY, USA

$1,222,500

$411/SF

Building Size

2,970 SF

Asset Type

Mixed-use

Closing

May 13, 2019

AI

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.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker

Ami Ariel

Buyer

$54.5M

vol

8 deals

Buyer

Dorothy Hutchinson

Seller

$2.5M

vol

2 deals

Seller

Brooklyn 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

12.98%

Cash-on-Cash

-3.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93