A Mixed-Use Property Purchased In Brooklyn For $2.6 Million
SOLD
$2,600,000
New York
See Similar DealsMixed-use7,430 SF
Sold 04/10/2025
SOLD
A Mixed-Use Property Purchased In Brooklyn For $2.6 Million
545 Brooklyn Avenue
See Similar DealsMixed-use7,430 SF
Sold 04/10/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$349
Total Square Footage:7,430 SF
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use building located at 545 Brooklyn Avenue, Brooklyn. The asset comprises 4 apartments and 2 stores, totaling 7,430 square feet. The sale price for the property was $2,600,000, with a price per unit of $433,333 and a price per square foot of $349.
Summary of transaction details:
- Property Type: Mixed-use (4 Apts & 2 Stores)
- Transaction Amount: $2,600,000
- Units: 6
- Square Footage: 7,430
- Price Per Unit: $433,333
- Price Per Square Foot: $349
- Broker: Michael Weiser - GFI Realty Services
- Date of Transaction: 04/10/2025
The transaction was represented by Michael Weiser from GFI Realty Services, who facilitated the sale of the property. His expertise in mixed-use real estate transactions contributed to the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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