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
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