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1660 Saint Johns Place

Jeff Groner Acquires Mixed-Use Property From David Natanov For $1,975,000 In Brooklyn
SOLDMixed-use

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

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:

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.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
David Natanov

David Natanov

Greenroad Capital

Seller

$31.1M

vol

4 deals

Seller

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