Katherine Chee Sells Mixed-Use Property In Midwood For $1.8M
SOLD
$1,765,000
New York
See Similar DealsMixed-use3,172 SF
Sold 04/28/2022
SOLD
Katherine Chee Sells Mixed-Use Property In Midwood For $1.8M
501 Avenue M, Brooklyn, New York 11230, United States
See Similar DealsMixed-use3,172 SF
Sold 04/28/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$556
Total Square Footage:3,172 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01
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