JJCC Management & Corp Acquires 16 Unit / 1 Retail Property At 304 Stuyvesant Avenue For $1.8M. Mortgage Broker Russell Nova, SVP From @Cornerstone_Capital. Lender TBD
304 Stuyvesant Ave, Brooklyn, NY 11233, USA
$1,800,000
$216/SF
Building Size
8,320 SF
Asset Type
Retail
Closing
Nov 9, 2017
About this deal
AI
The property at 304 Stuyvesant Avenue was sold on November 10, 2017, with JJCC Management & Corp acting as the landlord. The transaction involved a total amount of $1,800,000 and consisted of 16 residential units and 1 retail space.
Summary of transation details
- Property Type: 16 Unit / 1 Retail
- Transaction Amount: $1,800,000
- Landlord: JJCC Management & Corp
In terms of financing, the mortgage broker for this deal was Russell Nova, SVP from Cornerstone Capital. The lender involved in the transaction has not been disclosed.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93