Phillips Family Purchases Mixed-Use Property From Duran Family For $2.2 Million In Brooklyn
103 Wilson Avenue
$2,200,000
$488/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Mar 18, 2025
AI
The property involved in the transaction is a mixed-use asset located at 103 Wilson Avenue in Brooklyn. The property was sold for $2,200,000.00 and encompasses a total square footage of 4,500.0.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000.00
- Address: 103 Wilson Avenue
- Market: Brooklyn
- Square Footage: 4,500.0
- Buyer: Phillips Family
- Seller: Duran Family
This transaction engaged the Phillips Family as the buyers and the Duran Family as the sellers. The sale was executed on March 18, 2025, marking the completion of the deal between the two family entities.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93