Mayer Brandwein Sells Mixed-Use Buildings On Brighton Beach Avenue For $3.3M
406 Brighton Beach Avenue & 410 Brighton Beach Avenue
$3,300,000
$266/SF
Building Size
12,400 SF
Asset Type
Mixed-use
Closing
Mar 29, 2024
AI
Located in Brighton Beach, Brooklyn, the mixed-use property at 406-410 Brighton Beach Avenue has been successfully sold for $3,300,000. Spanning 6,200 square feet, the asset was sold at a price per square foot of $532, showcasing another triumph for Morsav, Inc.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,300,000
- Address: 406-410 Brighton Beach Avenue
- Market: Brighton Beach, Brooklyn
- Seller: Mayer Brandwein
- Broker: Evmorfea Maria Savidis
- SF: 6,200
- PPSF: $532
Proudly representing the buyers in this transaction, Evmorfea Maria Savidis of Morsav, Inc., continues to showcase expertise in facilitating seamless transactions and lucrative outcomes. The esteemed repeat clients, benefiting from unwavering commitment to excellence, have acquired these mixed-use buildings, further underlining the dedication to serving the South Brooklyn community.
Players
Brooklyn 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93