Magen Abraham Yeshiva Inc. Acquires Mixed-Use Property In Gravesend For $10.1M
345 Avenue U, Brooklyn, New York 11223, United States
$10,146,300
$635/SF
Building Size
15,960 SF
Asset Type
Mixed-use
Closing
Apr 11, 2022
About this deal
AI
The mixed-use property located at 345 Avenue U in Gravesend has been sold in a recent transaction. The property spans a total of 15,960 square feet, with a price per square foot of $635. The sale took place on April 12, 2022, and the total sale price amounted to $10,146,300.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,146,300
- Address: 345 Avenue U, Gravesend
- Square Footage: 15,960
- Price per Square Foot: $635
The buyer of the property is Magen Abraham Yeshiva Inc., while John Torregrossa acted as the seller. The transaction marks a significant deal in the Gravesend market, demonstrating the demand for mixed-use properties in the area.
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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93