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4547 2nd Avenue, Brooklyn, ...

Updated Oct 29, 2024

Dana Lowey Of Holliswood Development Acquires Mixed-use Property In East Village For $4.37M
SOLDMixed-use

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.

Players

Stephen Wald

Stephen P. Wald Real Estate Associates

Broker

$4.4M

vol

1 deal

Broker
HD
Holliswood DevelopmentBuyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $412 per square foot on a published $4.4M for 10,600 square feet (2021).

Visit Stephen P. Wald Real Estate Associates to view all their deals.

Browse New York mixed use sales on Traded.

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

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