Elliot Frankel Acquires Mixed-Use And Multifamily Properties In Brooklyn For $4.7M
SOLD
New York
See Similar DealsMixed-use2,700 SF
Sold 04/12/2018
SOLD
Elliot Frankel Acquires Mixed-Use And Multifamily Properties In Brooklyn For $4.7M
936 Atlantic Ave, Brooklyn, NY 11238, USA
See Similar DealsMixed-use2,700 SF
Sold 04/12/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:2,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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