Douglas Elliman Represents Buyer In $2.05M Downtown Brooklyn Retail Condo Sale
319 Schermerhorn Street, Brooklyn, NY 11217
$2,050,000
$640/SF
Building Size
3,200 SF
Asset Type
Mixed-use
Closing
Mar 16, 2021
About this deal
AI
A retail condo located at 319 Schermerhorn Street within the Downtown Brooklyn market was recently sold for $2,050,000. The property encompasses a total of 3,200 square feet, equating to a price per square foot of $640.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $2,050,000
- Square Footage: 3,200
- Price Per Square Foot: $640
- Address: 319 Schermerhorn Street
- Market: Downtown Brooklyn
- Tenant's Representative: Rebecca Golberg - Douglas Elliman
- Landlord's Representative: Nate Mallon @RetailInBrooklyn - EXR @EXRNY
Representatives involved in the transaction include Rebecca Golberg, acting on behalf of the tenant from Douglas Elliman, and Nate Mallon, who represented the landlord through his affiliation with EXR.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93