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41 Jefferson St, Brooklyn, ...

Hager Management Acquires Mixuse Property In Brooklyn – Bushwick For $7.5M
SOLDMixed-use

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

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker
HM
Hager ManagementBuyer
Bennat Berger

Bennat Berger

Skylight Real Estate Partners

Seller

$37M

vol

5 deals

Seller

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