Elimelech Klynman Acquires Mixed-use Property In Borough Park, Brooklyn For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMixed-use4,860 SF
Sold 09/23/2022
SOLD
Elimelech Klynman Acquires Mixed-use Property In Borough Park, Brooklyn For $3.5M
4802 13th Avenue
See Similar DealsMixed-use4,860 SF
Sold 09/23/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$720
Total Square Footage:4,860 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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