Hupeto Woods Acquires Mixed-Use Property In Crown Heights For $1.57M
1376 Saint Johns Place, Crown Heights, Brooklyn, NY, USA
$1,575,000
$291/SF
Building Size
5,400 SF
Asset Type
Mixed-use
Closing
Nov 17, 2021
About this deal
AI
The mixed-use property located at 1376 Saint Johns Place in Crown Heights has been sold for $1,575,000. The property spans 5,400 square feet, resulting in a price per square foot of $291. The sale took place on November 17, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,575,000
- Address: 1376 Saint Johns Place, Crown Heights
- Market: Crown Heights
The buyer in this transaction was Hupeto Woods, while the seller was Mohammed Sultan. The brokers involved in the deal were Scott Plasky and Alex Arustamian, representing Marcus & Millichap.
Players
New York 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93