Michael Gendin Purchases Mixed-Use Property From The Hershkowitz Family For $4.05M In Brooklyn
SOLD
$4,050,000
New York
See Similar DealsMixed-use26,914 SF
Sold 11/19/2024
SOLD
Michael Gendin Purchases Mixed-Use Property From The Hershkowitz Family For $4.05M In Brooklyn
11 5th Street & 13 5th Street
See Similar DealsMixed-use26,914 SF
Sold 11/19/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$150
Total Square Footage:26,914 SF
Transaction Type:Sale
A mixed-use asset located at 11 5th Street & 13 5th Street in Brooklyn has been sold for $4,050,000. The property encompasses a total square footage of 13,457, translating to a price per square foot of $300.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,050,000
- Buyer: Michael Gendin
- Seller: The Hershkowitz Family
- Brokers: Lev Mavashev & Eli Yusupov - Alpha Realty
The transaction involved key representatives from Alpha Realty, with Lev Mavashev and Eli Yusupov acting as brokers in the deal. Their involvement highlights the professional representation in facilitating this property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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