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
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