Jack And Juda Srour Acquire Mixed-Use Property In Brooklyn For $4M
8501 New Utrecht Ave, Brooklyn, NY 11214, USA
Building Size
150,000 SF
Asset Type
Mixed-use
Closing
Mar 8, 2018
About this deal
AI
A mixed-use property located at 8501 New Utrecht in Brooklyn, New York, has been sold for $4,000,000. The property spans 15,000 square feet, equating to a price per square foot of $266.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $4,000,000
- Address: 8501 New Utrecht, Brooklyn, New York
- Square Footage: 15,000 sf
Jack and Juda Srour from @JaySuites have acquired the property from the seller, Ray Guccione. The transaction was facilitated by their representative, 's REP.
Traded’s record for 8501 New Utrecht Ave, Brooklyn, NY 11214, USA in New York, New York covers a mixed use sale from 2018. The building is 150,000 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 8501 New Utrecht Ave, Brooklyn, NY 11214, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 8501 New Utrecht Ave, Brooklyn, NY 11214, USA around 2018. Cite this Jack And Juda Srour Acquire Mixed-Use Property In Brooklyn For $4M sale when underwriting similar mixed use product around New York, New York.
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