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Pamela Peterson Acquires Mixed-use Property In Red Hook, Brooklyn For $3.5M

Property Image
SOLD
$3,500,000
Dennis Cetinkaya

New York

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Mixed-use3,750 SF
Sold 11/27/2018
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Property Image
SOLD

Pamela Peterson Acquires Mixed-use Property In Red Hook, Brooklyn For $3.5M

442 Van Brunt Street, Brooklyn, NY 11231

See Similar Deals
Mixed-use3,750 SF
Sold 11/27/2018
Dennis Cetinkaya
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$933
Total Square Footage:3,750 SF
Transaction Type:Sale

Located at 442 Van Brunt Street in Red Hook, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans across 3,750 square feet and features a sale price of $3,500,000, resulting in a price per square foot of $933.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,500,000
  • Square Footage: 3,750
  • Address: 442 Van Brunt Street, Red Hook, Brooklyn
  • Seller: Jennifer Bonjean
  • Buyer: Pamela Peterson
  • Seller's Representative: Orren Azani - N/A
  • Buyer's Representative: Dennis Cetinkaya - N/A

Dennis Cetinkaya represented the buyer, Pamela Peterson, in this transaction, while Orren Azani represented the seller, Jennifer Bonjean.

Players

7 deals$21.5M volume
BROKER

Oren Azzani
2 deals$5M volume
BROKER

Details

SOLD
IMAGE: Dennis Cetinkaya ( @dmoneyswag4 ) DATE: 11/27/2018 ADDRESS: 442 Van Brunt Street MARKET: Red Hook, Brooklyn ASSET TYPE: Mixed-use SELLER: Jennifer Bonjean BUYER: Pamela Peterson BROKERS: Dennis Cetinkaya (Buyer) & Orren Azani (Seller) SALE PRICE: $3,500,000 SF: 3,750 ~ PPSF: $933

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43