SA Realty Holdings Acquires Mixed-Use Property In Crown Heights, Brooklyn For $3M
348 Utica Avenue, Crown Heights, Brooklyn, NY, USA
$3,000,000
$357/SF
Building Size
8,400 SF
Asset Type
Mixed-use
Closing
Feb 18, 2019
About this deal
AI
Located in Crown Heights, Brooklyn, a mixed-use property at 344-348 Utica Ave. was recently sold for $3 million. The transaction took place on February 19, 2019. Spanning an area of 8,400 square feet, the property consists of 5 apartments and 4 retail units. With a price per square foot of $357, the property was valued at approximately $333,333 per unit.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3 million
- Address: 344-348 Utica Ave.
- Market: Crown Heights, BK
- Square Footage: 8,400
- Price per Square Foot: $357
- Units: 5 Apartments & 4 Retail
- Price per Unit: $333,333
The seller of the property was Lennox Gilpin, while the buyer was SA Realty Holdings, represented by Sammy Aranbaev. The transaction was facilitated by brokers from BRG Commercial Real Estate – Derek Bestreich, Luke Sproviero, and Steve Reynolds.
On the Map
$3,000,000
$357/SF
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Steve Reynolds to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93