Updated Oct 28, 2024
Nana Yi Corp. Acquires Mixed-use Property In North Brooklyn For $3.46M
656 Nostrand Avenue, Brooklyn, New York 11216, United States
$3,460,000
$694/SF
Building Size
4,981 SF
Asset Type
Commercial
Closing
Apr 27, 2022
About this deal
AI
The mixed-use property located at 656 Nostrand Ave in North Brooklyn has been sold for a total price of $3,460,000. The property spans across 4,970 square feet, resulting in a price per square foot of $696. The sale took place on April 28, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,460,000
- Address: 656 Nostrand Ave
- Market: North Brooklyn
Nana Yi Corp. represented by Soon Yi has acquired the property from Anthony Marchese. Jin Choi, from PD Properties, acted as the buyer's representative, while Samuel Mizrahi from C21 Mizrahi Realty represented the seller.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93