Jack Mortellaro Acquires Mixed-Use Property In Brooklyn For $1.1M
SOLD
$1,100,000
New York
See Similar DealsMixed-use5,250 SF
Sold 06/19/2024
SOLD
Jack Mortellaro Acquires Mixed-Use Property In Brooklyn For $1.1M
535 Liberty Avenue
See Similar DealsMixed-use5,250 SF
Sold 06/19/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$209
Total Square Footage:5,250 SF
Transaction Type:Sale
The property located at 535 Liberty Avenue in Brooklyn was recently sold in a closed transaction. The mixed-use asset spans 5,250 square feet and was acquired for $1,100,000, amounting to a price per square foot of $210.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Buyer: Jack Mortellaro
- Seller: Estate Of Ortiz Family
- Broker: Julio Reyes - Reyes & Elsamad
- Address: 535 Liberty Avenue, Brooklyn
- Market: Brooklyn
Julio Reyes of Reyes & Elsamad served as the broker facilitating the transaction between the buyer, Jack Mortellaro, and the seller, Estate Of Ortiz Family, ensuring a successful deal for all parties involved.
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)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
Is there something missing? Send suggestions