AMAC Holdings Acquires Mixed-Use Property In Fort Greene, Brooklyn For $2.85M
SOLD
$2,850,000
+ 2
New York
See Similar DealsMixed-use4,000 SF
Sold 07/27/2018
SOLD
AMAC Holdings Acquires Mixed-Use Property In Fort Greene, Brooklyn For $2.85M
368 Myrtle Ave, Brooklyn, NY 11205, USA
See Similar DealsMixed-use4,000 SF
Sold 07/27/2018
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$712
Total Square Footage:4,000 SF
Transaction Type:Sale
The mixed-use property located at 368 Myrtle Avenue in Fort Greene, Brooklyn has been sold in a recent closed transaction. The property, which encompasses both residential and commercial spaces, was purchased for a total price of $2,850,000. The transaction took place on July 27, 2018.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $2,850,000
- Address: 368 Myrtle Avenue, Brooklyn
- Neighborhood: Fort Greene
- City: New York
AMAC Holdings, represented by Ivan and Maurice Kaufman, served as the buyer in this transaction. The seller of the property was Edward Vays. The deal was facilitated by brokers from TerraCRG, specifically Adam Hess and others.
The price per square foot for this transaction was calculated to be $713/sqft. Additionally, the property boasted a cap rate of 5.2%.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
Is there something missing? Send suggestions