Myrtle Cy Acquires Retail Parking Garage On Myrtle Avenue In Downtown Brooklyn For $2.65M
150 Myrtle Ave Brooklyn, NY 11201, USA
$2,650,000
$120/SF
Building Size
22,000 SF
Asset Type
Retail
Closing
Jul 31, 2023
About this deal
AI
A retail parking garage located at 150 Myrtle Avenue in Downtown Brooklyn has been sold for $2,650,000. The property spans 22,000 square feet, resulting in a price per square foot of $120. The transaction took place between the buyer, Myrtle Cy, and the seller, JBS Realty.
Summary of transaction details
- Property Type: Retail (Parking Garage)
- Transaction Amount: $2,650,000
- Address: 150 Myrtle Avenue, Downtown Brooklyn
- Market: Downtown Brooklyn
- Buyer: Myrtle Cy
- Seller: JBS Realty
The deal was facilitated by Brian Whelan and Alix Curtin of B6 Real Estate Advisors, who acted as the buyer's representatives in the transaction.
On the Map
$2,650,000
$120/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Brian Whelan to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93