Caliente Cab Co. Acquires Mixed Use Property In Clinton Hill For $2.6M
454 Myrtle Ave, Brooklyn, NY 11205, USA
$2,600,000
$53/SF
Building Size
48,820 SF
Asset Type
Mixed-use
Closing
May 20, 2019
AI
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.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93