Blank Cafe - Aki Miyazoni Acquires Mixed-use Property In Greenpoint For $2.15M
64 Meserole Avenue, Brooklyn, NY 11222
$2,150,000
$716/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Apr 1, 2019
About this deal
AI
The mixed-use property located at 64 Meserole Ave in Greenpoint was recently sold for a price of $2,150,000. This property spans across 3,000 square feet and has a price per square foot of $717. The transaction took place on April 2, 2019. The property consists of one apartment and one store.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,150,000
- Address: 64 Meserole Ave
- Market: Greenpoint
- Square Footage: 3,000
- Price per Square Foot: $717
The seller of the property was the Balash Family, while the buyer was Blank Cafe, represented by Aki Miyazoni. The transaction was facilitated by brokers Shaun Riney, Mike Salvatico, and John Barney from Marcus & Millichap.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93