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468 Albany Avenue, Crown He...

Levi Krinsky Purchases Mixed-Use Property In Crown Heights, Brooklyn For $1.8M
SOLDMixed-use

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

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.

Players

Jonathan Berman

Ariel Property Advisors

Broker

$12.7M

vol

6 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

8.69%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93