SOLDMixed-use
Hannah Senesh Day School Acquires Mixed-use Property At 363 Smith Street For $4.495M
363 Smith Street
$4,495,000
$1,051/SF
Building Size
4,275 SF
Asset Type
Mixed-use
Closing
Nov 26, 2024
AI
The mixed-use asset located at 363 Smith Street in Brooklyn has been sold for $4,495,000. The property encompasses 4,275 square feet, resulting in a price per square foot of $1,051.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,495,000
- Buyer: Hannah Senesh Day School
- Seller: Vincent Pitta & Partners
- Broker: Shay Zach - GAIA Property Group
Shay Zach from GAIA Property Group represented the seller, Vincent Pitta & Partners, in this transaction, facilitating the sale to the buyer, Hannah Senesh Day School.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93