Ben Deutch Acquires Mixed-Use Property In Greenwood Heights For $1.4M
895 4th Avenue, Greenwood Heights, Brooklyn, NY, USA
$1,400,000
$330/SF
Building Size
4,241 SF
Asset Type
Mixed-use
Closing
Sep 13, 2021
About this deal
AI
Located at 895 4th Avenue in Greenwood Heights, this mixed-use property was recently sold in a transaction brokered by B6 Real Estate Advisors. The sale took place on 09/13/2021 and involved a total sale price of $1,400,000. The property spans 4,241 square feet, resulting in a price per square foot of $330.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Address: 895 4th Avenue, Greenwood Heights
- Market: Greenwood Heights
The buyer in this transaction was Ben Deutch, while the seller was Joe Perri. The deal was facilitated by Bobby Lawrence and DJ Johnston from B6 Real Estate Advisors. No additional details were provided about the deal or the individuals involved.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93