Mark Guindi Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.32M
SOLD
$2,325,000
+ 3
New York
See Similar DealsMixed-use
Sold 03/07/2022
SOLD
Mark Guindi Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.32M
551 Gates Avenue, Brooklyn, New York 11216, United States
See Similar DealsMixed-use
Sold 03/07/2022
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
A mixed-use property located at 551 Gates Avenue in Bedford-Stuyvesant, Brooklyn has been sold for $2,325,000. The property spans 4,000 square feet, resulting in a price per square foot of $581.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,325,000
- Date: 03/07/2022
- Address: 551 Gates Avenue
- Market: Bedford-Stuyvesant, Brooklyn
- Buyer: Mark Guindi
- Seller: Max Kozlowitz
- Brokers: Zachary Fuchs - GFI Realty Services, Steven Vegh - Westwood Realty
The buyer for this transaction is Mark Guindi, while the seller is Max Kozlowitz. The deal was facilitated by Zachary Fuchs from GFI Realty Services and Steven Vegh from Westwood Realty.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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