Raymond Zeitoune Acquires Mixed-Use Property In Brooklyn For $1.57M
3163 Coney Island Ave, Brooklyn, NY, USA
$1,575,000
$358/SF
Building Size
4,400 SF
Asset Type
Mixed-use
Closing
Nov 11, 2020
AI
Located in Brooklyn, the mixed-use property at 3163-3165 Coney Island Ave. has recently changed hands in a closed sale transaction. The property is zoned as R6 and C1-2, allowing for a variety of uses. The transaction took place on November 12, 2020.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Square Footage: 4,400
- Price per Square Foot: $357.95
- Number of Units: 4
- Price per Unit: $393,750
- Market: Brooklyn
The buyer of the property is Raymond Zeitoune, while the seller is Vidockler, represented by Stuart Jay Vidockler. The deal was facilitated by brokers Denis Abayev and Gene Gerrovich from CA Realty Inc.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93