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32 3rd Ave, Brooklyn, NY 11...

Investment Property Realty Group (IPRG) Brokers Facilitate $2.5M Mixed-Use Sale In Boerum Hill
SOLDMixed-use

Investment Property Realty Group (IPRG) Brokers Facilitate $2.5M Mixed-Use Sale In Boerum Hill

32 3rd Ave, Brooklyn, NY 11217, USA

$55,000,000

$1,057/SF

Building Size

52,000 SF

Asset Type

Mixed-use

Closing

Nov 29, 2020

AI

Located in Boerum Hill, the mixed-use property at 479 Atlantic Ave. has recently been sold for $2,475,000. Spread across 3,200 square feet, this property offers a versatile space for various purposes. With a price per square foot of $773, this transaction indicates a significant investment in the area.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,475,000
  • Address: 479 Atlantic Ave.
  • Market: Boerum Hill

The sale of this property was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah from Investment Property Realty Group (IPRG). These brokers played a crucial role in representing the parties involved in the deal.

Players

Ofer Cohen

Terra CRG

Broker

$606.2M

vol

25 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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93