Kopolowitz Family Acquires Mixed-use Property In Prospect Heights For $3.85M
567 Vanderbilt Avenue, Brooklyn, New York 11238, United States
$3,850,000
$785/SF
Building Size
4,900 SF
Asset Type
Mixed-use
Closing
Jun 20, 2022
About this deal
AI
The mixed-use property located at 567 Vanderbilt Ave. in Prospect Heights has been sold for a price of $3,850,000. The property spans across 4,900 square feet and was purchased by the Kopolowitz Family from the seller, Witnick Real Estate Partners. The transaction was facilitated by broker Marcel Fridman from Barcel Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,850,000
- Square Footage: 4,900
- Address: 567 Vanderbilt Ave.
- Market: Prospect Heights
The Kopolowitz Family acquired the mixed-use property located at 567 Vanderbilt Ave. with a total area of 4,900 square feet in Prospect Heights. The property was sold by Witnick Real Estate Partners for a transaction amount of $3,850,000. The deal was arranged by Marcel Fridman from Barcel Group.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcel Fridman to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93