Mohamed Mozeb Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.35M
SOLD
$2,350,000
New York
See Similar DealsMixed-use5,830 SF
Sold 02/28/2022
SOLD
Mohamed Mozeb Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.35M
390 Tompkins Avenue, Brooklyn, New York 11216, United States
See Similar DealsMixed-use5,830 SF
Sold 02/28/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$403
Total Square Footage:5,830 SF
Transaction Type:Sale
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].
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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