Markowitz Family Acquires Mixed-Use Property In Dyker Heights For $1.8M
7524 13th Avenue, Brooklyn, New York 11228, United States
$1,800,000
$486/SF
Building Size
3,700 SF
Asset Type
Mixed-use
Closing
Jan 3, 2022
About this deal
AI
The mixed-use property located at 7524 13th Avenue in the Dyker Heights market has been sold for a total of $1,800,000. The property spans 3,700 square feet and has a price per square foot of $486. The transaction was completed on January 3rd, 2022. The property is zoned as R5B and C1-3, allowing for mixed-use purposes. The buyer of the property is the Markowitz Family, while the seller is Ben Natoli. Avraham Birnbaum from Twelve Stones Realty served as the broker in this transaction.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Market: Dyker Heights
- Address: 7524 13th Avenue
- Zoning: R5B, C1-3
Twelve Stones Realty, the brokerage firm involved in this transaction, specializes in Mixed-Use and Free Market Property in Brooklyn and Bronx. A special thank you goes out to Louis Lebovits of BridgeCity Capital for the referral.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93