Jacky Levy Purchases Mixed-Use Property At 701 Brighton Beach Avenue For $3.625M With Evmorfea Maria Savidis As The Broker
701 Brighton Beach Avenue
$3,625,000
$993/SF
Building Size
3,650 SF
Asset Type
Mixed-use
Closing
Dec 23, 2024
About this deal
AI
This mixed-use property located at 701 Brighton Beach Avenue in Brooklyn was sold for $3,625,000. The total square footage of the asset is 3,650, resulting in a price per square foot of $993.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,625,000
- Square Footage: 3,650
- Price per Square Foot: $993
- Buyer: Jacky Levy
- Broker: Evmorfea Maria Savidis
- Sale Date: 12/23/2024
- Market: Brooklyn
Evmorfea Maria Savidis represented Morsav, Inc. in this transaction, highlighting her focused expertise in the Brighton Beach area. This sale marks her third successful building sale in Brighton Beach within the same year, reflecting her commitment to achieving results for her clients in this dynamic market.
Players
Brooklyn 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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93