Benjamin Deutsch Acquires Mixed-Use Property On 6th Avenue In Greenwood Heights For $1.5M
739 6th Avenue
$1,525,000
$352/SF
Building Size
4,329 SF
Asset Type
Mixed-use
Closing
Jul 15, 2022
About this deal
AI
The mixed-use property located at 739 6th Avenue in Greenwood Heights has been sold in a recent transaction. The property spans 4,329 square feet and was sold for a price of $1,525,000. This equates to a price per square foot of $352. The transaction took place on 07/15/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,525,000
- SF: 4,329
- PPSF: $352
- Address: 739 6th Avenue
- Market: Greenwood Heights
The buyer in this transaction is Benjamin Deutsch, while the seller is Fred Scruton. The deal was facilitated by John Brennan and Matt Dittmeier from Marcus & Millichap.
On the Map
$1,525,000
$352/SF
Mixed-use
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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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93