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343A Tompkins Ave, Bedford-...

Ben Rubin Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn
SOLDMixed-use

Ben Rubin Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn

343A Tompkins Ave, Bedford-Stuyvesant, Brooklyn, NY, USA

$1,377,500

$459/SF

Building Size

3,000 SF

Asset Type

Mixed-use

Closing

May 19, 2020

AI

A mixed-use property located at 343A Tompkins Ave in Bedford-Stuyvesant, Brooklyn was recently sold for a price of $1,377,500. The property spans a total area of 3,000 square feet, resulting in a price per square foot of $459. It consists of 3 units, with each unit valued at approximately $459,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,377,500
  • Address: 343A Tompkins Ave, Bedford-Stuyvesant, Brooklyn
  • Market: Bedford-Stuyvesant, Brooklyn
  • Zoning: R6A, C2-4

The buyer in this transaction was Ben Rubin, and the seller was Arkadiy Nagorev. The deal was facilitated by brokers Jonathan Berman, Dov Chein, and Brendan Dal Col from ArielPA.NYC.

Players

Jonathan Berman

Ariel Property Advisors

Broker

$12.7M

vol

6 deals

Broker

Arkadiy Nagorev

Seller

$3.8M

vol

3 deals

Seller

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

11.52%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93