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501 Avenue M, Brooklyn, New...

Katherine Chee Sells Mixed-Use Property In Midwood For $1.8M
SOLDMixed-use

Katherine Chee Sells Mixed-Use Property In Midwood For $1.8M

501 Avenue M, Brooklyn, New York 11230, United States

$1,765,000

$556/SF

Building Size

3,172 SF

Asset Type

Mixed-use

Closing

Apr 27, 2022

AI

An 3,172 square foot mixed-use property located at 501 Ave. M in Midwood has been sold for $1,765,000. The property was sold by Katherine Chee. The sale was facilitated by Avraham Birnbaum and Reuben Lugassy of Twelve Stones Realty, and Stacey Naim of Century 21 Homefront.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,765,000

The sale of the property at 501 Ave. M in Midwood was completed on 04/28/2022. The property spans 3,172 square feet and was sold at a price of $1,765,000, resulting in a price per square foot of $556. Avraham Birnbaum and Reuben Lugassy of Twelve Stones Realty, along with Stacey Naim of Century 21 Homefront, represented the seller in this transaction.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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

8.99%

Cash-on-Cash

-2.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93