Julio Cuenca Acquires Mixed-Use Property In Red Hook, Brooklyn For $3.05M
383 Van Brunt Street
$3,050,000
$676/SF
Building Size
4,510 SF
Asset Type
Mixed-use
Closing
Dec 8, 2022
About this deal
AI
The mixed-use property located at 383 Van Brunt Street in Red Hook, Brooklyn has been sold in a recent transaction. The property, spanning 4,510 square feet, was sold for $3,050,000, resulting in a price per square foot of $676.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,050,000
- Address: 383 Van Brunt Street
- Market: Red Hook, Brooklyn
The buyer of the property is Julio Cuenca, while the seller is Frank Morales. The deal was facilitated by the brokers Derek Bestreich, Adam Lobel, Luke Sproviero, and Toby Waring from Investment Property Realty Group (IPRG).
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93