Lieberman Family Acquires Mixed-use Property From East Coast Properties For $6.25 Million
SOLD
$6,250,000
New York
See Similar DealsMixed-use42,120 SF
Sold
SOLD
Lieberman Family Acquires Mixed-use Property From East Coast Properties For $6.25 Million
4219 18th Avenue
See Similar DealsMixed-use42,120 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$148
Total Square Footage:42120 SF
Transaction Type:Sale
The property located at 4219 18th Avenue in Brooklyn is a mixed-use asset. The sale price was $6,250,000, comprising 42 units and a total square footage of 42,120, resulting in a price per unit of $148,810 and a price per square foot of $148.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Buyer: Lieberman Family
- Seller: East Coast Properties
- Brokers: Erik Yankelovich, Shlomo Antebi & Yosef Katz - Atlas Realty Group
- Units: 42
- Square Footage: 42,120
- Price Per Unit: $148,810
- Price Per Square Foot: $148
The transaction involved notable brokers Erik Yankelovich, Shlomo Antebi, and Yosef Katz, who represented the parties involved in the deal, facilitating the successful completion of this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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