Alpha Realty Brokers Sell Mixed-Use Property In Clinton Hill For $10.5M
SOLD
$10,500,000
New York
See Similar DealsMixed-use26,480 SF
Sold 02/22/2022
SOLD
Alpha Realty Brokers Sell Mixed-Use Property In Clinton Hill For $10.5M
87 Irving Place, Brooklyn, New York 11238, United States
See Similar DealsMixed-use26,480 SF
Sold 02/22/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$396
Total Square Footage:26,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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