Kalman Sinay Acquires Mixed-Use Property In Clinton Hill, Brooklyn For $2.45M
408 Myrtle Ave
$2,452,000
$649/SF
Building Size
3,775 SF
Asset Type
Mixed-use
Closing
Feb 27, 2023
AI
Located at 408 Myrtle Ave in Clinton Hill, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans 3,775 square feet and was sold for a total price of $2,452,000, resulting in a price per square foot of $650. The transaction took place on 02/27/2023.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,452,000
- Address: 408 Myrtle Ave, Clinton Hill, Brooklyn
- Market: Clinton Hill, Brooklyn
- Buyer: Kalman Sinay
- Seller: Shlomo Khodara
- Buyer's Rep: Eli Shayestehpour - Rosewood Realty Group
- Seller's Rep: Joshua Malekan & Jonathan Setareh - Venture Capital Properties
The buyer, Kalman Sinay, was represented by Eli Shayestehpour from Rosewood Realty Group. On the other hand, the seller, Shlomo Khodara, was represented by Joshua Malekan and Jonathan Setareh from Venture Capital Properties. The seller had specifically requested a buyer who could proceed to closing with an all-cash offer.
If you have any similar properties available for sale, purchase, or evaluation, please contact the respective representatives:
- Joshua Malekan: (516) 761-4777, Email: [email protected]
- Jonathan Setareh: (917) 744-3374, Email: [email protected]
- Eli Shayestehpour: (516) 967-0490, Email: [email protected]
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93