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
About this deal
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.
The mixed use sale at 325 Franklin Avenue Brooklyn, New York 11238, USA in Hartford, New York sold for $3M in 2023. Reported inventory is 4,050 square feet across 3 units, or about 740 per square foot. Named participants on the 325 Franklin Avenue Brooklyn, New York 11238, USA sale are Eleizer Schwimer, Shlomo Karpen. This page is the Hartford, New York file for the 325 Franklin Avenue Brooklyn, New York 11238, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Hartford sit in the Market section below. Filter that Hartford mixed use set by closing date to see what else sold near 325 Franklin Avenue Brooklyn, New York 11238, USA around 2023. Published consideration for 325 Franklin Avenue Brooklyn, New York 11238, USA is $3M, dated 2023. Cite this Shlomo Karpen Acquires 3-Unit Mixed-Use Building In Bedford Stuyvesant For $3M sale when underwriting similar mixed use product around Hartford, New York.
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