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406 Brighton Beach Avenue

Mayer Brandwein Sells Mixed-Use Buildings On Brighton Beach Avenue For $3.3M
SOLDMixed-use

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

Evmorfea Maria Savidis

Morsav, Inc.

Broker

$49.1M

vol

15 deals

Broker

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