Johnny Din And Jon Cypers Acquire Mixed-Use Property In Bedford Stuyvesant For $1.2M
482 Halsey St, Brooklyn, NY 11233, USA
$1,200,000
$44/SF
Building Size
27,000 SF
Asset Type
Mixed-use
Closing
Jan 8, 2020
AI
The mixed-use property located at 482 Halsey Street in Bedford Stuyvesant, Brooklyn has been sold in a closed transaction. The property consists of 2,700 square feet and features 2 residential units and 1 store. The asking price for this property was $1,525,000, and it was ultimately sold for $1,200,000, resulting in a price per square foot of $445.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Square Footage: 2,700
- Address: 482 Halsey Street, Bedford Stuyvesant, Brooklyn
- Market: Bedford Stuyvesant, Brooklyn
- Units: 2 Residential 1 Store
Edwin Santiago was the seller of this property, while the buyers were Johnny Din and Jon Cypers. Marcel Fridman from Barcel Group represented the buyers in this transaction.
It is important to note that the property was vacant at the time of the sale, providing an opportunity for the new owners to utilize the space according to their needs.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93