Dr. Mehrdad Hedayatnia Acquires Mixed-Use Property In Brooklyn For $2.4M
387 6th Ave, New York, NY 10014, USA
Building Size
2,530 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
AI
The mixed-use property located at 387 6th Avenue in Brooklyn, New York has been sold in a closed transaction. The property consists of two apartments and one store, covering a total area of 2,530 square feet. The transaction price for this property was $2,399,999, resulting in a price per square foot of $948.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,399,999
- Address: 387 6th Avenue, Brooklyn, New York
- Market: Brooklyn
- Size: 2,530 square feet
- Price per Square Foot: $948
The seller of the property was Sixth & Sixth LLC, represented by Raquel Ayala. The buyer of the property was Dr. Mehrdad Hedayatnia. The transaction was facilitated by BRG | Bestreich Realty Group, with Derek Bestreich and Luke Sproviero serving as the brokers for the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93