Updated Sep 5, 2024
Gold Family Acquires Package Deal In Brooklyn For $2.6M
138 Saint Nicholas Avenue & 1114 Willoughby Avenue
$2,600,000
$148/SF
Building Size
8,775 SF
Asset Type
Package Deal
Closing
Dec 22, 2022
About this deal
AI
The package deal involving the properties at 138 Saint Nicholas Avenue and 1114 Willoughby Avenue in Brooklyn has been sold for a total of $2,600,000. This transaction was completed on 12/22/2022. The properties have a combined square footage of 8,775 and a price per square foot of $296. The buyer in this deal is the Gold Family.
Summary of transation details
- Property Type: Package Deal
- Transaction Amount: $2,600,000
- Square Footage: 8,775
- Price Per Square Foot: $296
- Address: 138 Saint Nicholas Avenue & 1114 Willoughby Avenue, Brooklyn
- Market: Brooklyn
The package deal was facilitated by the brokers Tim Doyle, Mike Salvatico, and Samuel Leppo from Marcus & Millichap.
Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93