Hager Management Acquires Mixuse Property In Brooklyn – Bushwick For $7.5M
41 Jefferson St, Brooklyn, NY 11206, USA
Building Size
19,460 SF
Asset Type
Mixed-use
Closing
Nov 29, 2017
AI
The mixuse property located at 41 Jefferson Street in New York, Brooklyn – Bushwick, was recently sold for $7,500,000. Spanning across 19,460 square feet, the property consists of 21 apartments and 3 commercial stores, making it a diverse investment opportunity.
Summary of transaction details
- Property Type: Mixuse
- Transaction Amount: $7,500,000
- Square Footage: 19,460
- Units: 21 apartments & 3 stores
- Address: 41 Jefferson Street, New York
- Market: Brooklyn – Bushwick
Hager Management successfully purchased the property from @BennatBerger, represented by the Barcel Group's Marcel Fridman. @newyorkmultifamily acted as the seller's representative in the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93