Glacier Equities Acquires Clinton Hill Mixed-Use Property For $17.25M
8-10 Grand Avenue, Clinton Hill, Brooklyn, NY, USA
$17,250,000
$234/SF
Building Size
73,670 SF
Asset Type
Mixed-use
Closing
Oct 26, 2021
AI
Located in Clinton Hill, the mixed-use property at 8-10 Grand Avenue has been sold in a recent transaction. The sale took place on October 26, 2021, with the property being purchased by Glacier Equities for a total price of $17,250,000. The property spans a total area of 73,670 square feet, translating to a price per square foot of $234.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $17,250,000
- Address: 8-10 Grand Avenue
- Market: Clinton Hill
Zach Redding, Dylan Kane, and John Barney from 6RealEstate represented the buyer, Glacier Equities, in the transaction.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93