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151 Smith Street

Faisal Kassim Purchases Mixed-Use Asset At 151 Smith Street From Doreen DeLeon For $3.6M
SOLDMixed-use

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:

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

Sean R. Kelly, Esq.

Ariel Property Advisors

Broker

$529.8M

vol

56 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93