Anthony Radovic Sells Mixed-Use Property At 750 Myrtle Avenue Brooklyn For $1.9M
750 Myrtle Avenue
$1,900,000
$703/SF
Building Size
2,700 SF
Asset Type
Mixed-use
Closing
Jan 16, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 750 Myrtle Avenue, Brooklyn. The asset features two residential apartments situated above one retail space, encompassing a total area of 2,700 square feet. The sale price for the building was set at $1,900,000, resulting in a price per square foot of $703. The building was delivered fully occupied upon the completion of the transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Square Footage: 2,700
- Price per Square Foot: $703
- Address: 750 Myrtle Avenue
- Market: Brooklyn
- Seller: Anthony Radovic
- Brokers: Haley Hasho & Vik Agrawal - Exodus Capital
Key individuals involved in this transaction include seller Anthony Radovic, as well as brokers Haley Hasho and Vik Agrawal from Exodus Capital, who facilitated the sale. The property was noted to have a 20' footer and comprised a unique combination of residential and retail space, marking its significance in the local market.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93