Dana Lowey Of Holliswood Development Acquires Mixed-use Property In East Village For $4.37M
4547 2nd Avenue, Brooklyn, NY 11232, USA
$4,370,000
$412/SF
Building Size
10,600 SF
Asset Type
Mixed-use
Closing
Mar 24, 2021
About this deal
AI
The mixed-use property located at 45-47 2nd Avenue in the East Village has been sold for a total of $4,370,000. The transaction took place on March 25, 2021. The property spans across 10,600 square feet, resulting in a price per square foot of $412. The buyer of the property is Dana Lowey from Holliswood Development, while the seller is the Estate of Rose Caputo and the Estate of Estelle Carr. Stephen Wald from Stephen P. Wald Real Estate Associates, Inc. acted as the broker in this deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,370,000
- Date: 03/25/2021
- Address: 45-47 2nd Avenue
- Market: East Village
The sale of the property was facilitated by Stephen Wald from Stephen P. Wald Real Estate Associates, Inc. Dana Lowey from Holliswood Development acted as the buyer, while the seller was the Estate of Rose Caputo and the Estate of Estelle Carr. This transaction highlights the involvement of key individuals and companies in the real estate industry.
On the Map
$4,370,000
$412/SF
Mixed-use
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Players
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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93