Yisroel Black Acquires Mixed-Use Property In Borough Park, Brooklyn From Larry Malitsky For $6.8M
4921 12th Avenue, Brooklyn, New York 11219, United States
$6,800,000
$485/SF
Building Size
14,001 SF
Asset Type
Mixed-use
Closing
Sep 15, 2022
About this deal
AI
A mixed-use property located at 4921 12th Ave in Borough Park, Brooklyn has been sold. The transaction took place on September 16, 2022, with a sale price of $6,800,000. The property spans 14,001 square feet and was sold at a price per square foot of $485.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $6,800,000
- Square Footage: 14,001
- Address: 4921 12th Ave
- Market: Borough Park, Brooklyn
The buyer of the property is Yisroel Black, while the seller is Larry Malitsky. The deal was facilitated by Aaron Jungries, Ben Khakshoor, and Alex Fuchs of Rosewood Realty Group, representing both the buyer and the seller.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93