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131 Kingston Avenue

Romain Sinclair Of Greysteel Facilitates $1,125M Sale Of Mixed-use Property In Brooklyn
SOLDMixed-use

Romain Sinclair Of Greysteel Facilitates $1,125M Sale Of Mixed-use Property In Brooklyn

131 Kingston Avenue

$1,125,000

$337/SF

Building Size

3,330 SF

Asset Type

Mixed-use

Closing

Apr 3, 2024

AI

The mixed-use property located at 131 Kingston Avenue in Crown Heights, Brooklyn, was sold for $1,125,000. The asset spans 3,330 square feet, resulting in a price per square foot of $338.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,125,000
  • Address: 131 Kingston Avenue
  • Market: Crown Heights, Brooklyn
  • Seller: Johns Family
  • Broker: Romain Sinclair - Greysteel

Romain Sinclair from Greysteel represented the seller, Johns Family, in the transaction, showcasing his expertise in handling the deal for the mixed-use property. The successful closing of this property highlights the effectiveness of the broker in facilitating such real estate transactions.

Players

Romain Sinclair

Greysteel

Broker

$33.2M

vol

14 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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93