Nazrul Islam Acquires Mixed-Use Property In Crown Heights, Brooklyn For $1.75M
234 Troy Avenue, Crown Heights, Brooklyn, NY, USA
$1,750,000
$458/SF
Building Size
3,815 SF
Asset Type
Mixed-use
Closing
Dec 20, 2020
About this deal
AI
A mixed-use property located in Crown Heights, Brooklyn has been sold at a price of $1,750,000. The property, situated at 234 Troy Avenue, covers an area of 3,815 square feet. With a price per square foot of $458, this R6 and C1-3 zoned asset offers various possibilities for commercial and residential use.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 234 Troy Avenue, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
- Asset Zoning: R6, C1-3
Nazrul Islam has purchased the property from Ryan Khordipour in this transaction. The brokerage team representing this deal consisted of Josh Lipton and Andrew Levine from Invictus Property Advisors. These brokers played a pivotal role in facilitating the successful sale of the property.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93