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980 Rutland Road, Brooklyn,...

Alpha Realty Brokers Lev Mavashev & Daniel Aminov Facilitate $1.55M Mixed-use Sale In Brooklyn
SOLDMixed-use

Alpha Realty Brokers Lev Mavashev & Daniel Aminov Facilitate $1.55M Mixed-use Sale In Brooklyn

980 Rutland Road, Brooklyn, New York 11212, United States

$1,550,000

$410/SF

Building Size

3,780 SF

Asset Type

Mixed-use

Closing

Apr 11, 2022

AI

Located at 980 Rutland Rd. in Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans across 3,780 square feet and was sold for a price of $1,550,000, resulting in a price per square foot of $410.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,550,000
  • Square Footage: 3,780
  • Address: 980 Rutland Rd.
  • Market: Brooklyn

The seller of the property was The Mizrachi Family. The transaction was facilitated by Lev Mavashev and Daniel Aminov of Alpha Realty, who represented the interests of the seller. Lev Mavashev and Daniel Aminov played a key role in finalizing the deal between the seller and the buyer.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93