Davean Holdings Acquires Mixed-Use Property In Carroll Gardens, Brooklyn For $2.9M
368 Court Street, Carroll Gardens, Brooklyn, NY, USA
$2,900,000
$630/SF
Building Size
4,600 SF
Asset Type
Mixed-use
Closing
Oct 28, 2021
AI
Davean Holdings, represented by Sean Lefkovits, Lance Lefkovits, and David Lloyd, has acquired a mixed-use property located at 368 Court Street (266 President Street) in Carroll Gardens, Brooklyn. The property was sold by Louise Rotundo. The sale, facilitated by Tapu Naik from Stardust Properties, closed on October 28, 2021, for a total purchase price of $2,900,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Units: 5
- Price per Unit (PPU): $580,000
- Total Square Footage: 4,600 sqft
- Price per Square Foot (PPSF): $630
- Market: Carroll Gardens, Brooklyn
This prime corner property in Carroll Gardens features three floor-through units with abundant natural light and ventilation, located above two retail spaces. Davean Holdings plans to combine the retail spaces to create a desirable restaurant space for the neighborhood. For any restaurant inquiries or new deals, reach out to Davean Holdings at [email protected].
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93