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374 Court Street, Carroll G...

Alchemy Ventures Acquires Mixed-Use Property In Carroll Gardens For $5.88M
SOLDMixed-use

Alchemy Ventures Acquires Mixed-Use Property In Carroll Gardens For $5.88M

374 Court Street, Carroll Gardens, Brooklyn, NY, USA

$5,880,000

$793/SF

Building Size

7,410 SF

Asset Type

Mixed-use

Closing

Oct 8, 2021

AI

374-376 Court Street in Carroll Gardens has been sold for a total price of $5,880,000. The mixed-use property, with a tax class of 2B, offers 7,410 square feet of space. The transaction took place on October 8, 2021, and the buyer is Alchemy Ventures, represented by Sam Kooris. The seller, Marcelo Leon, was represented by Sam Schertz and Baruch Edelkopf of Schuckman Realty.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,880,000
  • Address: 374-376 Court Street
  • Market: Carroll Gardens
  • Tax Class: 2B

In addition to this sale, Schuckman Realty's Investment Sales Team is actively working on multi-family, development, and retail sites across the boroughs and Long Island. For more information, contact Sam Schertz at [email protected].

Players

Sam Schertz

Ariel Property Advisors

Broker

$93.3M

vol

11 deals

Broker
Sam Kooris

Sam Kooris

Alchemy Ventures

Buyer

$76.6M

vol

13 deals

Buyer

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

2.70%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93