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
About this deal
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.
On the Map
$1,222,500
$411/SF
Mixed-use
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Players
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