Caliente Cab Co. Acquires Mixed Use Property In Clinton Hill For $2.6M
SOLD
$2,600,000
+ 3
New York
See Similar DealsMixed-use48,820 SF
Sold 05/21/2019
SOLD
Caliente Cab Co. Acquires Mixed Use Property In Clinton Hill For $2.6M
454 Myrtle Ave, Brooklyn, NY 11205, USA
See Similar DealsMixed-use48,820 SF
Sold 05/21/2019
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$53
Total Square Footage:48,820 SF
Transaction Type:Sale
Located at 454 Myrtle Avenue in Clinton Hill, this mixed-use property was recently sold for $2,600,000. The property spans 4,882 square feet, resulting in a price per square foot of $533. The transaction took place on May 21, 2019.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $2,600,000
- Square Footage: 4,882
- Price per Square Foot: $533
- Address: 454 Myrtle Avenue
- Market: Clinton Hill
The seller of the property was Silvershore, represented by David Shorenstein and Jason Silverstein. The buyer, Howard Berke, represented Caliente Cab Co. The deal was facilitated by @brg_cre, Derek Bestreich, Adam Lobel, and Luke Sproviero.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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