Mark Guindi Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.32M
551 Gates Avenue, Brooklyn, New York 11216, United States
$2,325,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 6, 2022
AI
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
New York 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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93