Chen Family Acquires Mixed-Use Property On Franklin Ave In Crown Heights For $1.8M
663 Franklin Ave, Brooklyn, NY 11238, USA
Building Size
—
Asset Type
—
Closing
Oct 3, 2022
About this deal
AI
The mixed-use property located at 663 Franklin Ave in Crown Heights has been sold in a recent transaction. The property spans a total of 2,160 square feet. The sale price for this transaction was $1,800,000, resulting in a price per square foot of $833.
Summary of transaction details
- Property Type: Mixed-Use
- Sale Price: $1,800,000
- Square Footage: 2,160
- Price per Square Foot: $833
The buyer of the property was the Chen Family, while the seller was the Bulger Family. The transaction was facilitated by Ryan Perkoski of RPR Ventures, who represented the buyer and seller. Ryan Perkoski acted as the broker in this sale.
On the Map
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93