Levi Krinsky Purchases Mixed-Use Property In Crown Heights, Brooklyn For $1.8M
468 Albany Avenue, Crown Heights, Brooklyn, NY, USA
$1,825,000
$553/SF
Building Size
3,300 SF
Asset Type
Mixed-use
Closing
Apr 20, 2021
About this deal
AI
Located at 468 Albany Avenue in Crown Heights, Brooklyn, this recent closed transaction involved a mixed-use property. The property spans across 3,300 square feet and consists of 5 units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,825,000
- Address: 468 Albany Avenue, Crown Heights, Brooklyn
Levi Krinsky acquired the property from Meir Junik. The deal was facilitated by brokers Jonathan Berman and Dov Chein of ArielPA.NYC. The purchase price for the property was $1,825,000, amounting to a per unit price of $365,000. The price per square foot (PPSF) was $553.
On the Map
$1,825,000
$553/SF
Mixed-use
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Players
Brooklyn 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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93