Jeff Groner Acquires Mixed-Use Property From David Natanov For $1,975,000 In Brooklyn
1660 Saint Johns Place
$1,975,000
$247/SF
Building Size
7,968 SF
Asset Type
Mixed-use
Closing
Mar 30, 2026
About this deal
AI
This mixed-use property located at 1660 Saint Johns Place in Brooklyn was sold for $1,975,000. The asset spans 7,968 square feet, translating to a price per square foot of $247.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,975,000
- Sale Date: 3/31/2026
- Buyer: Jeff Groner
- Seller: David Natanov - Greenroad Capital
- Brokers: Shaun Riney, Daniel Greenblatt & Julian Perla - Marcus & Millichap
The deal involved Jeff Groner as the buyer and David Natanov representing Greenroad Capital as the seller. The transaction was brokered by Shaun Riney, Daniel Greenblatt, and Julian Perla from Marcus & Millichap, who noted that high cap rates exist for roll-your-sleeves-up deals and invited inquiries for comparable opportunities.
On the Map
$1,975,000
$247/SF
Mixed-use
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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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93