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
About this deal
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.
On the Map
$1,765,000
$556/SF
Mixed-use
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Players
Brooklyn 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