Fran Mora Sells Mixed-Use Property In Gowanus For $2.8M With Brokers Matt Fotis & Chase Midgley
SOLD
$2,800,000
New York
See Similar DealsMixed-use5,070 SF
Sold 04/14/2022
SOLD
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
See Similar DealsMixed-use5,070 SF
Sold 04/14/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$552
Total Square Footage:5,070 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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