Ivey North Acquires Mixed-Use Property In Greenwood Heights For $1.3M
683 6th Ave, Greenwood Heights, Brooklyn, NY, USA
$1,300,000
$650/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Nov 16, 2021
About this deal
AI
The mixed-use property located at 683 6th Ave. in Greenwood Heights has been sold. The property spans 2,000 square feet and was sold for a total price of $1,300,000. The sale price translates to a price per square foot of $650.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,300,000
- Address: 683 6th Ave., Greenwood Heights
- Market: Greenwood Heights
- Asking Price: $1,695,000
- Square Footage: 2,000
- Buyer's Representative: Matthew Scott - Ivey North
- Seller's Representative: Michael Hartman - The Corcoran Group
The buyer in this transaction was represented by Matthew Scott from Ivey North, while the seller was represented by Michael Hartman from The Corcoran Group.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93