facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

347 Hoyt Street, Brooklyn, ...

Updated Oct 28, 2024

The Sohayegh Family Acquires Mixed-use Property In Gowanus For $3.1M
SOLDMixed-use

The Sohayegh Family Acquires Mixed-use Property In Gowanus For $3.1M

347 Hoyt Street, Brooklyn, New York 11231, United States

$3,100,000

$582/SF

Building Size

5,320 SF

Asset Type

Mixed-use

Closing

Feb 1, 2022

About this deal

AI

The mixed-use property located at 347 Hoyt Street & 308 Carroll Street in Gowanus has been sold for a total of $3,100,000. The property consists of 7 units, with a price per unit of $442,857. The total square footage of the property is 5,320, with a price per square foot of $582. The transaction took place on February 2, 2022.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $3,100,000
  • Units: 7
  • Price per Unit: $442,857
  • Total Square Footage: 5,320
  • Price per Square Foot: $582
  • Address: 347 Hoyt Street & 308 Carroll Street, Gowanus
  • Seller: Legacy Equities
  • Buyer: The Sohayegh Family

The transaction was facilitated by the brokers Shaun Riney, Michael Salvatico, Andrew Bronsteen, and Robbie Ferman from Marcus & Millichap, representing the buyer and seller respectively.

Players

Michael Salvatico

Marcus & Millichap

Broker

$840.8M

vol

184 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker
LE
Legacy EquitiesSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Deal FAQ

About $582 per square foot on a published $3.1M for 5,320 square feet (2022).

Visit Robert (Robbie) Ferman 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets