Faisal Kassim Purchases Mixed-Use Asset At 151 Smith Street From Doreen DeLeon For $3.6M
151 Smith Street
$3,600,000
$918/SF
Building Size
3,920 SF
Asset Type
Mixed-use
Closing
Aug 9, 2024
AI
The property at 151 Smith Street is a mixed-use asset located in Brooklyn, with a sale price of $3,600,000. The building has a total square footage of 3,920 and is valued at approximately $918 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Address: 151 Smith Street
- Market: Brooklyn
- Square Footage: 3,920
- Price per Square Foot: $918
- Buyer: Faisal Kassim
- Seller: Doreen DeLeon
- Brokers: Sean R. Kelly, Nicole Daniggelis & Stephen Vorvolakos - Ariel Property Advisors
Faisal Kassim is the buyer of the property, while Doreen DeLeon is the seller. The transaction was facilitated by the brokerage team at Ariel Property Advisors, consisting of Sean R. Kelly, Nicole Daniggelis, and Stephen Vorvolakos, who represented both sides in the deal.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93