Vadem Brodsky Acquires Mixed-Use Building In Brooklyn Heights For $7.7M
35 Remsen Street
$7,700,000
$924/SF
Building Size
8,330 SF
Asset Type
Mixed-use
Closing
Nov 14, 2023
AI
A mixed-use building located at 35 Remsen Street in Brooklyn Heights, Brooklyn has been sold. The property, consisting of two units, was purchased by Vadem Brodsky for a total price of $7.7 million. The building spans a total area of 8,330 square feet, resulting in a price per square foot of $924.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,700,000
- Address: 35 Remsen Street, Brooklyn Heights, Brooklyn
- Square Footage: 8,330
- Price per Square Foot: $924
- Buyer: Vadem Brodsky
- Seller: Eugenia E. Fasano
Vadem Brodsky, represented by Remsen Ventures LLC, acquired the two-unit mixed-use building located at 35 Remsen Street in Brooklyn Heights. The property was purchased from the estate of Eugenia E. Fasano for a total price of $7.7 million. The transaction was successfully completed on the specified sale date of 11/14/2023.
Players
Brooklyn 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93