Zimmerman Family Purchases Mixed-Use Property From Mohr Family For $2.135M In Clinton Hill
489 Myrtle Avenue
$2,135,000
$667/SF
Building Size
3,200 SF
Asset Type
Mixed-use
Closing
Jan 18, 2026
AI
The property involved in this transaction is a mixed-use asset located at 489 Myrtle Avenue in the Clinton Hill market. The sale price of the property is $2,135,000, covering a total square footage of 3,200, which equates to a price per square foot of $667.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,135,000
- Address: 489 Myrtle Avenue
- Market: Clinton Hill
- Square Footage: 3,200
- Price Per Square Foot: $667
- Buyer: Zimmerman Family
- Seller: Mohr Family
- Brokers: Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap
This sale was represented by brokers Shaun Riney, Andrew Bronsteen, and Jason Farese from Marcus & Millichap, who can be contacted to discuss similar opportunities in West Brooklyn at [email protected].
Players
Brooklyn 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
7.43%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93