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442 Van Brunt Street, Brook...

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

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

442 Van Brunt Street, Brooklyn, NY 11231

$3,500,000

$933/SF

Building Size

3,750 SF

Asset Type

Mixed-use

Closing

Nov 26, 2018

AI

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

Dennis Cetinkaya

Broker

$21.5M

vol

7 deals

Broker

Pamela Peterson

Buyer

$6.1M

vol

2 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93