Alpha Realty Brokers Sell Mixed-Use Property In Clinton Hill For $10.5M
87 Irving Place, Brooklyn, New York 11238, United States
$10,500,000
$396/SF
Building Size
26,480 SF
Asset Type
Mixed-use
Closing
Feb 21, 2022
AI
Located in Clinton Hill, the mixed-use property at 87 Irving Pl. recently changed hands in a sale transaction. The deal, which took place on February 22, 2022, was facilitated by Alpha Realty brokers Lev Mavashev, Yehuda Leser, and Eli Yusupov.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $10,500,000
- Square Footage: 26,480
- Price per Square Foot: $396
- Address: 87 Irving Pl., Clinton Hill
Lev Mavashev, Yehuda Leser, and Eli Yusupov from Alpha Realty played key roles in overseeing this 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93