Dawn Mark Acquires Mixed-Use Property In Carroll Gardens, Brooklyn For $1.9M
287 Smith Street, Carroll Gardens, Brooklyn, NY, USA
$1,905,000
$721/SF
Building Size
2,640 SF
Asset Type
Mixed-use
Closing
Mar 21, 2021
About this deal
AI
A mixed-use property located at 287 Smith Street in Carroll Gardens, Brooklyn was recently sold for a total price of $1,905,000. The sale took place on 03/22/2021 and involved the buyer, Dawn Mark, and the sellers, Doreen Patterson and Stephen Tricoma. The property consists of 3 units with a price per unit of $635,000. It spans a total square footage of 2,640, resulting in a price per square foot of $721.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,905,000
- Units: 3
- Price per Unit: $635,000
- Square Footage: 2,640
- Price per Square Foot: $721
- Buyer: Dawn Mark
- Seller: Doreen Patterson & Stephen Tricoma
The deal was facilitated by the brokers Daniel Shawah, Adam Lobel, and Derek Bestreich from Bestreich Realty Group. The property was delivered vacant and is in need of substantial renovation. For similar property selling inquiries, interested parties can contact Bestreich Realty Group at 718-360-8801.
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
8.33%
Cash-on-Cash
-2.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93