Friedman-Roth Represents $9M Mixed-Use Sale In Borough Park
4001 New Utrecht Avenue, Borough Park, Brooklyn, NY, USA
$9,000,000
$692/SF
Building Size
13,000 SF
Asset Type
Mixed-use
Closing
Oct 5, 2021
About this deal
AI
The mixed-use property located at 4001 New Utrecht Ave in Borough Park has been sold for a total price of $9,000,000. The transaction took place on 10/05/2021. The property spans across 13,000 square feet, resulting in a price per square foot of $692. The sale was facilitated by Richard T. Guarino of Friedman-Roth.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 4001 New Utrecht Ave
- Market: Borough Park
- Square Footage: 13,000
- Price per Square Foot: $692
Richard T. Guarino from Friedman-Roth played a key role as the broker in this transaction.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93