David Preisler Acquires Mixed Use Property In Borough Park For $2.3M
SOLD
$2,300,000
New York
See Similar DealsMixed-use3,600 SF
Sold 09/16/2022
SOLD
David Preisler Acquires Mixed Use Property In Borough Park For $2.3M
5712 New Utrecht Avenue, Brooklyn, New York 11219, United States
See Similar DealsMixed-use3,600 SF
Sold 09/16/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$638
Total Square Footage:3,600 SF
Transaction Type:Sale
A mixed-use property located at 5712 New Utrecht Avenue in Borough Park has been sold in a transaction that closed on September 16, 2022. The property spans 3,600 square feet and was sold for a total of $2,300,000, resulting in a price per square foot of $639.
Summary of transaction details
- Property Type: Mixed Use
- Sale Price: $2,300,000
- Square Footage: 3,600
- Price per Square Foot: $639
The buyer in this transaction is David Preisler, while the seller is Benzion Kohn.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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