Glacier Equities Acquires Clinton Hill Mixed-Use Property For $17.25M
SOLD
$17,250,000
New York
See Similar DealsMixed-use73,670 SF
Sold 10/26/2021
SOLD
Glacier Equities Acquires Clinton Hill Mixed-Use Property For $17.25M
8-10 Grand Avenue, Clinton Hill, Brooklyn, NY, USA
See Similar DealsMixed-use73,670 SF
Sold 10/26/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$234
Total Square Footage:73,670 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$919,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,285.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,773.80
Annual Debt Service$981,285.61
Is there something missing? Send suggestions