Jiang Family Acquires Mixed-Use Property From Misseri Family In Brooklyn For $1.8M
SOLD
$1,800,000
New York
See Similar DealsMixed-use4,125 SF
Sold 01/17/2025
SOLD
Jiang Family Acquires Mixed-Use Property From Misseri Family In Brooklyn For $1.8M
7102 Fort Hamilton Parkway
See Similar DealsMixed-use4,125 SF
Sold 01/17/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$436
Total Square Footage:4,125 SF
Transaction Type:Sale
The mixed-use property located at 7102 Fort Hamilton Parkway in Brooklyn was sold for $1,800,000. It has a total square footage of 4,125, translating to a price per square foot of $436. The sale occurred amidst a competitive market scenario, leading to multiple offers.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Square Footage: 4,125
- Price Per Square Foot: $436
- Buyer: Jiang Family
- Seller: Misseri Family
- Brokers: John Brennan & Bryan Ellis - Marcus & Millichap
- Cap Rate: 1.77%
- Number of Offers: 8
The transaction was facilitated by the Brennan Team, who successfully generated eight written offers. The buyer, identified as a 1031 exchange participant, secured the deal at a favorable cap rate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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