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103 Wilson Avenue

Phillips Family Purchases Mixed-Use Property From Duran Family For $2.2 Million In Brooklyn
SOLDMixed-use

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

Bart Zimmermann

Barcel Group

Broker

$20.4M

vol

6 deals

Broker

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