Kum Hwie Cho Acquires Mixed-Use Property In Park Slope For $3.95M
374 9th St, Brooklyn, NY 11215, USA
$3,950,000
$1,002/SF
Building Size
3,941 SF
Asset Type
Mixed-use
Closing
Mar 16, 2020
About this deal
AI
The mixed-use property located at 374 9th Street in Park Slope has been sold in a closed transaction. The property spans across 3,941 square feet and was sold for a total price of $3,950,000, resulting in a price per square foot of $1,014. The transaction involved three units, with each unit priced at $1,333,333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,950,000
- Square Footage: 3,941
- Price per Square Foot: $1,014
Kum Hwie Cho acquired the property as the buyer, while Anne Matheos acted as the seller. The transaction was successfully facilitated by their respective representatives.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93