Shlomo Karpen Acquires 3-Unit Mixed-Use Building In Bedford Stuyvesant For $3M
325 Franklin Avenue Brooklyn, New York 11238, USA
$3,000,000
$740/SF
Building Size
4,050 SF
Asset Type
Mixed-use
Closing
Jun 28, 2023
AI
Shlomo Karpen has purchased a three-unit mixed-use building at 325 Franklin Avenue in Bedford Stuyvesant, Brooklyn. The property was sold for $3 million by Eleizer Schwimer, Moses Guttman, and Maguire Capital Group.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3,000,000
- Address: 325 Franklin Avenue
- Market: Bedford Stuyvesant, Brooklyn
Shlomo Karpen, the buyer, acquired the property from Eleizer Schwimer, Moses Guttman, and Maguire Capital Group - Eleizer Schwimer.
Players
Hartford 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93