Aaron Stein Acquires Mixed-Use Property On Riverdale Avenue In Brownsville For $1.29M
120 Riverdale Avenue
Mixed-use
6,000 SF
6,000 SF
Sold 1 year ago
Summary
A mixed-use property located at 120 Riverdale Avenue in Brownsville was recently sold. The property spans 6,000 square feet and consists of 6 units. The sale price for this transaction was $1,290,000, with a per unit price of $215,000. The price per square foot was $229. The property was initially listed for $1,375,000, indicating a discount from the asking price. The cap rate for this deal was 7.75%.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,290,000
- Address: 120 Riverdale Avenue, Brownsville
- Market: Brownsville
- Units: 6
- Price per Unit: $215,000
- Square Footage: 6,000
- Price per Square Foot: $229
- Cap Rate: 7.75%
The buyer in this transaction was Aaron Stein, while Simon Marom acted as the seller. Matthew Peters from [Insert Agency Name] represented both parties as the broker.
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120 Riverdale Avenue
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