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
About this deal
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.
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