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372 Myrtle Avenue

Kevin Lunney Sells Mixed-Use Property At 372 Myrtle Avenue In Fort Greene For $2.6M
SOLDMixed-use

Kevin Lunney Sells Mixed-Use Property At 372 Myrtle Avenue In Fort Greene For $2.6M

372 Myrtle Avenue

$2,600,000

$619/SF

Building Size

4,200 SF

Asset Type

Mixed-use

Closing

May 7, 2026

AI

The property asset involved in this transaction is a mixed-use building located at 372 Myrtle Avenue in Fort Greene, Brooklyn NY. It features 2 apartments and 1 store, with a sale price of $2,600,000. The property comprises a total of 4,200 square feet, resulting in a price per unit of $866,667 and a price per square foot of $619.

Summary of transaction details:

  • Property Type: Mixed-use (2 Apartments & 1 Store)
  • Transaction Amount: $2,600,000
  • Units: 3
  • Square Footage: 4,200
  • Price Per Unit: $866,667
  • Price Per Square Foot: $619
  • Seller: Kevin Lunney
  • Broker Representation: Sean Mashihi, Gabriel Kates & Jason Botesazan - Block Real Estate Group

The deal was facilitated by brokers Sean Mashihi, Gabriel Kates, and Jason Botesazan, representing the seller Kevin Lunney. The transaction was completed on May 8, 2026, highlighting the involvement of professionals in the real estate space to navigate this mixed-use property deal.

Players

Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93