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78 4th Ave, Brooklyn, NY 11...

Updated Oct 29, 2024

Cleen Pen Sen Acquires Mixed-Use Property In Boerum Hill, Brooklyn For $2.05M
SOLDMixed-use

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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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

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