Adir Cohen Sells Property At 1140 Utica Ave Brooklyn For $2.38M With Buyer's Rep James Monteleone
1140 Utica Ave, Brooklyn, NY, 11203
$2,380,000
$250/SF
Building Size
9,500 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property located at 1140 Utica Ave, Brooklyn, NY, 11203 is a commercial asset encompassing 9,500 square feet. It has a transaction price of $2,380,000.00, situated in the Brooklyn market, and was sold by Adir Cohen.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,380,000.00
- Address: 1140 Utica Ave, Brooklyn, NY, 11203
- Square Footage: 9,500
- Seller: Adir Cohen
- Buyer: Unknown
- Buyer's Representative: James Monteleone - All Points Real Estate
James Monteleone represents the buyer in this transaction, facilitating the agreement between the buyer and seller without revealing the identity of the buyer.
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.67%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93