facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

482 Halsey St, Brooklyn, NY...

Johnny Din And Jon Cypers Acquire Mixed-Use Property In Bedford Stuyvesant For $1.2M
SOLDMixed-use

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

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker
Johnny Din

Johnny Din

Buyer

$35.9M

vol

16 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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