Stuart Katz Sells Mixed-Use Property In Brooklyn For $3.95M With Meridian Capital Group
409 7th Avenue, Brooklyn, New York 11215, United States
$3,950,000
$618/SF
Building Size
6,388 SF
Asset Type
Mixed-use
Closing
Jan 24, 2022
About this deal
AI
Located at 409 7th Avenue in Brooklyn, this mixed-use property has recently been sold. The transaction took place on 01/20/2022, with a sale price of $3,950,000. The property spans across 6,388 square feet, resulting in a price per square foot of $618.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,950,000
- Seller: Stuart Katz
- Brokers: Adam Hess & Edward Setton - Meridian Capital Group
- Market: Brooklyn
The sale of this property was facilitated by Adam Hess and Edward Setton from Meridian Capital Group. They represented Stuart Katz as the seller in this deal.
Players
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93