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
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93