Marcus & Millichap Sells Mixed-Use Property In Brooklyn For $2.4M
358 Knickerbocker Ave, Brooklyn, NY...
$2,400,000
$505/SF
Building Size
4,750 SF
Asset Type
Mixed-use
Closing
Mar 21, 2019
About this deal
AI
The mixed-use property located at 358 Knickerbocker Ave in Brooklyn, NY, was sold for $2,400,000. The asset spans 4,750 square feet and was constructed in 1931.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000.00
- Address: 358 Knickerbocker Ave, Brooklyn, NY
- Market: Brooklyn
Shaun Riney and Thomas Shihadeh from Marcus & Millichap's Brooklyn office were the representatives for the seller in this transaction. The buyer, a private investor, successfully acquired the mixed-use property.
The mixed use sale at 358 Knickerbocker Ave, Brooklyn, NY... in Brooklyn, New York sold for $2.4M in 2019. The building is 4,750 square feet, implying about 505 per square foot on the published price. Thomas (Tom) Shihadeh, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Brooklyn, New York file for the 358 Knickerbocker Ave, Brooklyn, NY... mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else sold near 358 Knickerbocker Ave, Brooklyn, NY... around 2019. Published consideration for 358 Knickerbocker Ave, Brooklyn, NY... is $2.4M, dated 2019. Cite this Marcus & Millichap Sells Mixed-Use Property In Brooklyn For $2.4M sale when underwriting similar mixed use product around Brooklyn, New York.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93