Albert Dayan Acquires Mixed Use Property In Brooklyn For $2.25M
602 Vanderbilt Avenue & 602 Vanderbilt Ave, Virginia Beach, VA 23451, USA
Building Size
3,803 SF
Asset Type
Mixed-use
Closing
Apr 25, 2018
About this deal
AI
Located at 602 Vanderbilt Avenue in Brooklyn, New York, this mixed-use property recently changed hands in a closed transaction. The property was sold for a price of $2,250,000, resulting in a price per square foot of $833. With a cap rate of 2.75%, this transaction highlights the value of the asset in the market.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $2,250,000
- Price per Square Foot: $833
- Cap Rate: 2.75%
- Address: 602 Vanderbilt Avenue, Brooklyn, New York
- Market: Brooklyn
The seller of this property was Mitch Bernstein and Roger Friedman, while the buyer was Albert Dayan. The transaction was facilitated by Luke Sproviero and Derek Bestreich of BRG | Bestreich Realty Group, who represented the buyer and seller on the deal.
Players
Brooklyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93