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
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