Ortega Family Sells Mixed-Use Property In Clinton Hill For $2.36M
296 Willoughby Avenue, Brooklyn, New York 11205, United States
$2,360,000
$292/SF
Building Size
8,076 SF
Asset Type
Mixed-use
Closing
Jul 20, 2022
About this deal
AI
The mixed-use property located at 296 Willoughby Ave in Clinton Hill has been sold for a price of $2,360,000. The property spans an area of 8,076 square feet, resulting in a price per square foot of $292. The transaction took place on 07/21/2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,360,000
- Seller: Ortega Family
- Broker: Marcel Fridman - Barcel Group
Marcel Fridman from Barcel Group represented the Ortega Family as the broker in this deal.
The mixed use sale at 296 Willoughby Avenue, Brooklyn, New York 11205, United States in New York, New York sold for $2.4M in 2022. The building is 8,076 square feet, implying about 292 per square foot on the published price. Marcel Fridman, Ortega Family, Barcel Group appear on the sale alongside Barcel Group. This page is the New York, New York file for the 296 Willoughby Avenue, Brooklyn, New York 11205, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 296 Willoughby Avenue, Brooklyn, New York 11205, United States around 2022. Published consideration for 296 Willoughby Avenue, Brooklyn, New York 11205, United States is $2.4M, dated 2022. Cite this Ortega Family Sells Mixed-Use Property In Clinton Hill For $2.36M sale when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.72%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93