Romain Sinclair Of Greysteel Facilitates $1,125M Sale Of Mixed-use Property In Brooklyn
SOLD
$1,125,000
New York
See Similar DealsMixed-use3,330 SF
Sold 04/03/2024
SOLD
Romain Sinclair Of Greysteel Facilitates $1,125M Sale Of Mixed-use Property In Brooklyn
131 Kingston Avenue
See Similar DealsMixed-use3,330 SF
Sold 04/03/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$337
Total Square Footage:3,330 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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