Mills Family Sells Mixed-Use Property At 91 Utica Avenue Brooklyn For $1.375M
SOLD
$1,375,000
New York
See Similar DealsMixed-use4,236 SF
Sold 09/04/2025
SOLD
Mills Family Sells Mixed-Use Property At 91 Utica Avenue Brooklyn For $1.375M
92 Utica Avenue
See Similar DealsMixed-use4,236 SF
Sold 09/04/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$324
Total Square Footage:4,236 SF
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use building located at 91 Utica Avenue in Brooklyn. The transaction amounted to $1,375,000, encompassing a total square footage of 4,236, which translates to a price per square foot of $324.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,375,000
- Address: 91 Utica Avenue
- Market: Brooklyn
- Square Footage: 4,236
- Price Per Square Foot: $324
- Seller: Mills Family
- Broker: Marcel Fridman - Barcel Group
The deal was facilitated by Marcel Fridman, representing the Barcel Group. The transaction reflects a successful collaboration between the parties involved, with Mills Family as the seller in this real estate deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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