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441 3rd Avenue, Brooklyn, N...

Fran Mora Sells Mixed-Use Property In Gowanus For $2.8M With Brokers Matt Fotis & Chase Midgley
SOLDMixed-use

Fran Mora Sells Mixed-Use Property In Gowanus For $2.8M With Brokers Matt Fotis & Chase Midgley

441 3rd Avenue, Brooklyn, New York 11215, United States

$2,800,000

$552/SF

Building Size

5,070 SF

Asset Type

Mixed-use

Closing

Apr 13, 2022

AI

The mixed-use property located at 441 3rd Ave in Gowanus has been sold for a price of $2,800,000. The property spans 5,070 square feet, resulting in a price per square foot of $552. The sale took place on April 14, 2022, and the transaction was facilitated by brokers Matt Fotis and Chase Midgley from Marcus & Millichap. The seller of the property was Fran Mora.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,800,000
  • Square Footage: 5,070
  • Price per Square Foot: $552
  • Address: 441 3rd Ave
  • Market: Gowanus

Matt Fotis and Chase Midgley from Marcus & Millichap represented the seller, Fran Mora, in this transaction.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93