SOLDMixed-use
Elliot Frankel Acquires Mixed-Use And Multifamily Properties In Brooklyn For $4.7M
936 Atlantic Ave, Brooklyn, NY 11238, USA
Building Size
2,700 SF
Asset Type
Mixed-use
Closing
Apr 11, 2018
About this deal
AI
Three properties located at 936 Atlantic Avenue, 958 Atlantic Avenue, and 70 New York Avenue in Brooklyn, New York have been involved in a closed transaction. The mixed-use, multifamily assets were sold for a price of $4,700,000, resulting in a price per square foot of $357. The cap rate for the deal was 4.5%.
Summary of transaction details
- Property Type: Mixed-Use, Multifamily
- Transaction Amount: $4,700,000
- Price per Square Foot: $357
- Cap Rate: 4.5%
- City: New York
- Market: Brooklyn
Neil Kupferman acted as the seller in this transaction, while Elliot Frankel was the buyer. The brokerage firm @TerraCRG represented both parties in the deal, with Adam Hess and Eddie Setton serving as the brokers.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
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