Mixed-Use Property At 4112 4th Avenue Brooklyn Sold For $6.25M By Northgate Real Estate Group
4112 4th Avenue
$6,250,400
$144/SF
Building Size
43,280 SF
Asset Type
Mixed-use
Closing
Dec 11, 2024
AI
The property asset involved in the transaction is a mixed-use building located at 4112 4th Avenue in the Brooklyn market. The sale price of the asset was $6,250,400, with a total square footage of 43,280 and a price per square foot of $144.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,250,400
- Square Footage: 43,280
- Price Per Square Foot: $144
- Address: 4112 4th Avenue
- Market: Brooklyn
- Brokers: Greg Corbin, Chaya Milworn & Mickey Salzman - Northgate Real Estate Group
The deal was facilitated by three brokers from Northgate Real Estate Group, specifically Greg Corbin, Chaya Milworn, and Mickey Salzman, who represented the parties involved in the transaction.
Players
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93