TerraCRG Brokers $1.7M Sale Of Mixed-use Property In Brooklyn
SOLD
+ 1
New York
See Similar DealsMixed-use2,280 SF
Sold 02/08/2018
SOLD
TerraCRG Brokers $1.7M Sale Of Mixed-use Property In Brooklyn
499 3rd Ave, New York, NY 10016, USA
See Similar DealsMixed-use2,280 SF
Sold 02/08/2018
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:2,280 SF
Transaction Type:Sale
The mixed-use property located at 499 3rd Avenue in Brooklyn, New York has been sold for a total price of $1,700,000. The property has a price per square foot of $717 and a price per unit of $566,666. With a cap rate of 5%, this transaction represents a significant investment opportunity in the Brooklyn market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,700,000
- Price per Square Foot: $717
- Price per Unit: $566,666
- Cap Rate: 5%
The seller of the property is Silvershore Properties, represented by David Shorenstein and Jason Silverstein. The buyer is Leo Novik, and the brokerage firm involved in the transaction is TerraCRG, represented by Adam Hess and Edward Setton.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions