Avenues Real Estate Brokers $2.6M Sale Of Boerum Hill Condo On Atlantic Ave
SOLD
$2,600,000
New York
See Similar DealsRetail8,079 SF
Sold 10/18/2023
SOLD
Avenues Real Estate Brokers $2.6M Sale Of Boerum Hill Condo On Atlantic Ave
328 Atlantic Avenue
See Similar DealsRetail8,079 SF
Sold 10/18/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$321
Total Square Footage:8,079 SF
Transaction Type:Sale
A condo located at 328 Atlantic Avenue in Boerum Hill, Brooklyn, was recently sold for a total of $2,600,000. The condo spans an area of 1,738 square feet and has a price per square foot of $1,496.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $2,600,000
- Address: 328 Atlantic Avenue, Boerum Hill, Brooklyn
- Market: Boerum Hill, Brooklyn
- Buyer: Matt Patrella
- Seller: Itay Gamlieli & Ofir Badash
- Buyer's and Seller's Representative: David Avgi - Avenues Real Estate
- Square Footage: 1,738
- Price Per Square Foot: $1,496
The transaction involved several key individuals and companies. Matt Patrella acted as the buyer, while Itay Gamlieli and Ofir Badash were the sellers. David Avgi from Avenues Real Estate represented both the buyer and the seller in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
Is there something missing? Send suggestions