Elimelech Klynman Acquires Mixed-use Property In Borough Park, Brooklyn For $3.5M
4802 13th Avenue
$3,500,000
$720/SF
Building Size
4,860 SF
Asset Type
Mixed-use
Closing
Sep 23, 2022
AI
Located at 4802 13th Avenue in Borough Park, Brooklyn, this mixed-use property was recently sold in a transaction. The deal was closed on 09/23/2022 for a sale price of $3,500,000. The property spans across 4,860 square feet, with a price per square foot of $720.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 4802 13th Avenue, Borough Park, Brooklyn
- Market: Borough Park, Brooklyn
The buyer in this transaction was Elimelech Klynman, while the seller was Moti Berezon. The deal was facilitated by Eli Maryl, Ohad Babo, and Michael D Weiser, who are representatives of GFI Realty Services.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93