Twelve Stones Realty Facilitates $1.02M Mixed-Use Sale On Midwood's Ave. M
402 Avenue M, Brooklyn, New York 11230, United States
$1,020,000
$425/SF
Building Size
2,400 SF
Asset Type
Mixed-use
Closing
Mar 3, 2022
About this deal
AI
The mixed-use property located at 402 Ave. M in the Midwood market has been sold for a total price of $1,020,000. The property spans 2,400 square feet, resulting in a price per square foot of $425.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,020,000
- Address: 402 Ave. M
- Market: Midwood
The sale of this property was facilitated by Avraham Birnbaum from Twelve Stones Realty.
The mixed use sale at 402 Avenue M, Brooklyn, New York 11230, United States in New York, New York sold for $1M in 2022. The building is 2,400 square feet, implying about 425 per square foot on the published price. Avraham Birnbaum, Twelve Stones Realty appear on the sale alongside Twelve Stones Realty. This page is the New York, New York file for the 402 Avenue M, Brooklyn, New York 11230, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 402 Avenue M, Brooklyn, New York 11230, United States around 2022. Published consideration for 402 Avenue M, Brooklyn, New York 11230, United States is $1M, dated 2022. Cite this Twelve Stones Realty Facilitates $1.02M Mixed-Use Sale On Midwood's Ave. M sale when underwriting similar mixed use product around New York, New York.
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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93