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309 Henry Street

Carter Martin Acquires Mixed-Use Property In Brooklyn Heights For $8.6M
SOLDMixed-use

Carter Martin Acquires Mixed-Use Property In Brooklyn Heights For $8.6M

309 Henry Street

$8,627,060

$1,875/SF

Building Size

4,600 SF

Asset Type

Mixed-use

Closing

Sep 14, 2023

AI

Located at 309 Henry Street in the Brooklyn Heights neighborhood of Brooklyn, this mixed-use property was recently sold in a transaction that took place on September 14, 2023. The property features a total building size of 5,618 square feet and a selling price of $8,627,060. The price per square foot for this property stands at $1,536, showcasing its value in the market. The property itself spans across 4,600 square feet, with a price per square foot of $1,875.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $8,627,060
  • Address: 309 Henry Street, Brooklyn Heights, Brooklyn
  • Market: Brooklyn Heights, Brooklyn
  • BSF: 5,618
  • PPBSF: $1,536
  • SF: 4,600
  • PPSF: $1,875

In this transaction, the buyer was identified as Carter Martin, while the seller was Gregory Fournier. These individuals played key roles in the successful sale of the property. Stay tuned for more updates on the property market in Brooklyn Heights.

Players

Carter Martin

Carlyle Group

Buyer

$146M

vol

28 deals

Buyer

Greg Fournier

Greenbrook Partners

Seller

$607.1M

vol

19 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93