Cleen Pen Sen Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $2.05M
78 4th Ave, Brooklyn, NY 11217, USA
Building Size
30,000 SF
Asset Type
Mixed-use
Closing
May 16, 2018
About this deal
AI
The mixed-use property located at 78 4th Avenue in BoerumHill, Brooklyn has been sold for a price of $2,050,000. Covering an area of 3,000 square feet, the property consists of three units. The sale price per square foot comes out to be $683. The seller of the property was Daniel Serviansky from Empire Cornerstone, while the buyer was Cleen Pen Sen.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $2,050,000
- Square Footage: 3,000 sf
- Price per Square Foot: $683
- Units: 3
- Seller: Daniel Serviansky - Empire Cornerstone
- Buyer: Cleen Pen Sen
This transaction showcases the involvement of key individuals such as Daniel Serviansky, representing Empire Cornerstone, who acted as the seller's representative. On the other hand, the buyer, Cleen Pen Sen, took the opportunity to acquire this mixed-use property.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93