Pamela Peterson Acquires Mixed-use Property In Red Hook, Brooklyn For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMixed-use3,750 SF
Sold 11/27/2018
SOLD
Pamela Peterson Acquires Mixed-use Property In Red Hook, Brooklyn For $3.5M
442 Van Brunt Street, Brooklyn, NY 11231
See Similar DealsMixed-use3,750 SF
Sold 11/27/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$933
Total Square Footage:3,750 SF
Transaction Type:Sale
Located at 442 Van Brunt Street in Red Hook, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans across 3,750 square feet and features a sale price of $3,500,000, resulting in a price per square foot of $933.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Square Footage: 3,750
- Address: 442 Van Brunt Street, Red Hook, Brooklyn
- Seller: Jennifer Bonjean
- Buyer: Pamela Peterson
- Seller's Representative: Orren Azani - N/A
- Buyer's Representative: Dennis Cetinkaya - N/A
Dennis Cetinkaya represented the buyer, Pamela Peterson, in this transaction, while Orren Azani represented the seller, Jennifer Bonjean.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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