facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

390 Tompkins Avenue, Brookl...

Mohamed Mozeb Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.35M
SOLDMixed-use

Mohamed Mozeb Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.35M

390 Tompkins Avenue, Brooklyn, New York 11216, United States

$2,350,000

$403/SF

Building Size

5,830 SF

Asset Type

Mixed-use

Closing

Feb 27, 2022

AI

A mixed-use property located at 390 Tompkins Avenue in Bedford-Stuyvesant, Brooklyn has been sold for a price of $2,350,000. The property spans a total area of 5,830 square feet, resulting in a price per square foot of $403. The sale was completed on 02/28/2022.

Summary of transaction details

  • Property Type: Mixed use
  • Transaction Amount: $2,350,000
  • Square Footage: 5,830
  • Price per Square Foot: $403
  • Address: 390 Tompkins Avenue, Bedford-Stuyvesant, Brooklyn

The buyer of the property is Mohamed Mozeb, while the seller is Kevin T. Lynch. The deal was facilitated by brokers Jeffrey A. Shalom and Alex Svetlakou from Cushman & Wakefield. It should be noted that there was significant interest in this property, with a long list of potential buyers actively looking for similar properties.

For more information or inquiries about similar properties, interested parties can contact Jeffrey A. Shalom at (718) 307-6558 or [email protected].

Players

Alex Svetlakou

Ripco

Broker

$34.5M

vol

12 deals

Broker

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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93