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380 Hooper Street, Brooklyn...

Joseph Scosha Acquires Mixed-Use Property In East Williamsburg For $2M
SOLDMixed-use

Joseph Scosha Acquires Mixed-Use Property In East Williamsburg For $2M

380 Hooper Street, Brooklyn, New York 11211, United States

$2,000,000

$347/SF

Building Size

5,760 SF

Asset Type

Mixed-use

Closing

Feb 16, 2022

AI

The mixed-use property located at 380 Hooper St. in East Williamsburg has been sold for $2,000,000. The transaction took place on February 17, 2022. The property spans 5,760 square feet, resulting in a price per square foot of $347. The buyer of the property is Joseph Scosha, and the seller is Elizabeth Rodriguez. The seller was represented by Vito Angelo and Billy Apter from Remax Real Estate Professionals, while the buyer was represented by Josh Sloan from OlmstedRE.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,000,000
  • Address: 380 Hooper St.
  • Market: East Williamsburg
  • Square Footage: 5,760
  • Price per Square Foot: $347

Vito Angelo and Billy Apter from Remax Real Estate Professionals represented the seller, Elizabeth Rodriguez, in the deal. On the buyer's side, Joseph Scosha was represented by Josh Sloan from OlmstedRE.

Players

Vito Angelo

Re/Max

Broker

$77.9M

vol

38 deals

Broker

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93