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.
On the Map
$2,380,000
$250/SF
Retail
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Players
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