David Preisler Acquires Mixed Use Property In Borough Park For $2.3M
5712 New Utrecht Avenue, Brooklyn, New York 11219, United States
$2,300,000
$638/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Sep 15, 2022
AI
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.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93