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4507 Church Avenue, Brookly...

Carol & Steve Singh Acquire Mixed-Use Property In Brooklyn For $930,000
SOLDMixed-use

Carol & Steve Singh Acquire Mixed-Use Property In Brooklyn For $930,000

4507 Church Avenue, Brooklyn, NY, USA

$930,000

$296/SF

Building Size

3,140 SF

Asset Type

Mixed-use

Closing

Dec 29, 2020

AI

4507 Church Avenue in Brooklyn has been sold in a recent transaction. The mixed-use property was purchased by Carol & Steve Singh from Diego & Rosa Bravo. The sale was facilitated by brokers Matthew Peters and Daniel Reyhan from Marcus & Millichap. The property consists of three units with a total square footage of 3,140. The sale price for the property was $930,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $930,000
  • Date: 12/30/2020
  • Address: 4507 Church Avenue, Brooklyn
  • Market: Brooklyn
  • Buyer: Carol & Steve Singh
  • Seller: Diego & Rosa Bravo
  • Brokers: Matthew Peters - Marcus & Millichap, Daniel Reyhan - Marcus & Millichap
  • Units: 3
  • Price per Unit: $310,000
  • Square Footage: 3,140
  • Price per Square Foot: $296

The Peters Team at Marcus & Millichap specializes in various types of properties across Central and Eastern Brooklyn. They currently have 21 exclusive listings ranging from $800,000 to $10,000,000. If you are interested and optimistic about the real estate market in 2021, you can contact Matthew Peters at [email protected] or (718-475-4391).

Players

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

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

17.06%

Cash-on-Cash

-4.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93