Perlstein Family Acquires Mixed-Use Property In Borough Park For $3.15M
4706-4708 13th Avenue, Brooklyn, New York 11219, United States
$3,150,000
$878/SF
Building Size
3,584 SF
Asset Type
Mixed-use
Closing
Jun 7, 2022
About this deal
AI
The property involved in this closed transaction is a mixed-use asset located at 4706-4708 13th Ave. in Borough Park. The transaction took place on 06/08/2022, with a sale price of $3,150,000. The property spans a total area of 3,584 square feet, resulting in a price per square foot of $878. The buyer of the property is the Perlstein Family, while the seller is the Rosenzweig Family. The transaction was facilitated by brokers Shaun Riney and Zalman Yarmush from Marcus & Millichap.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Address: 4706-4708 13th Ave., Borough Park
- Date: 06/08/2022
- Market: Borough Park
- Square Footage: 3,584
- Price per Square Foot: $878
- Buyer: Perlstein Family
- Seller: Rosenzweig Family
- Brokers: Shaun Riney & Zalman Yarmush - Marcus & Millichap
Shaun Riney and Zalman Yarmush from Marcus & Millichap played a pivotal role as the brokers in this transaction. Their expertise and representation aided in the successful completion of the deal between the Perlstein Family and the Rosenzweig Family.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93