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
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93