Edward Barbaro Sells Mixed-Use Property In Clinton Hill, Brooklyn For $2.1M
441 Myrtle Avenue, Brooklyn, New York 11205, United States
$2,100,000
$552/SF
Building Size
3,800 SF
Asset Type
Mixed-use
Closing
May 11, 2022
About this deal
AI
Located at 441 Myrtle Ave in Clinton Hill, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property consists of 2 apartments and 2 stores, offering a diverse range of potential uses. The transaction took place on May 12, 2022, and was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates from Bestreich Realty Group (BRG).
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $2,100,000
- Units: 4
- Price per Unit: $525,000
- Square Footage: 3,300
- Price per Square Foot: $636
The sale of this property showcases the expertise and negotiation skills of the broker team from Bestreich Realty Group. Led by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates, they successfully facilitated the transaction between the seller, Edward Barbaro, and the buyer, ensuring a smooth process for both parties involved. The sale of this mixed-use property demonstrates the potential and value it holds in the vibrant Clinton Hill market.
On the Map
$2,100,000
$552/SF
Mixed-use
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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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93