Zimmerman Family Purchases Mixed-Use Property From Mohr Family For $2.135M In Clinton Hill
SOLD
New York
See Similar DealsMixed-use3,200 SF
Sold 01/19/2026
SOLD
Zimmerman Family Purchases Mixed-Use Property From Mohr Family For $2.135M In Clinton Hill
489 Myrtle Avenue
See Similar DealsMixed-use3,200 SF
Sold 01/19/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$667
Total Square Footage:3,200 SF
Transaction Type:Sale
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
BROKERAGE
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,585.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,120.99
Annual Debt Service$121,451.87
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