Ari Mehrebi Acquires Bank Of America Property In Brooklyn For $5.9M
2022 Avenue U, Brooklyn, NY 11229, USA
$5,900,000
$983/SF
Building Size
6,000 SF
Asset Type
Other
Closing
Sep 25, 2019
About this deal
AI
The property located at 2022 Avenue U in Brooklyn was recently sold for a transaction amount of $5,900,000. The property spans across a total area of 6,000 square feet. It is owned by Ari Mehrebi and the transaction was facilitated by brokers David Hayum and Luke Hingson from Meridian Capital Group. The lender involved in the deal was CIII Capital Partners.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $5,900,000
- Owner: Ari Mehrebi
- Lender: CIII Capital Partners
- Brokers: David Hayum & Luke Hingson from Meridian Capital Group
- Address: 2022 Avenue U, Brooklyn
- Market: Brooklyn
This transaction involved key individuals such as Ari Mehrebi as the property owner and David Hayum and Luke Hingson from Meridian Capital Group as the brokers representing the deal. The lender in the transaction was CIII Capital Partners, providing the necessary financing for the purchase.
On the Map
$5,900,000
$983/SF
Other
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Players
Brooklyn Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93