Avrohom Schlaff Buys Mixed-Use Property In Borough Park For $2.2M
4702 16th Avenue, Borough Park, Brooklyn, NY, USA
$2,200,000
$547/SF
Building Size
4,018 SF
Asset Type
Mixed-use
Closing
Jul 30, 2019
About this deal
AI
The mixed-use property located at 4702 16th Avenue in Borough Park was recently sold for a total of $2,200,000. The sale took place on July 31, 2019, and the property spans a total of 4,018 square feet. The price per square foot was calculated at $547, reflecting the market value of the asset. The property generated a gross income of $141,540.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Date: 07/31/2019
- Address: 4702 16th Avenue
- Market: Borough Park
The seller of the property was Abraham Roth, while the buyer was Avrohom Schlaff. The deal was facilitated by brokers John Brennan and Samuel Finkler, representing the respective parties. It's important to note that the property was delivered with one vacant unit.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93