Derby Copeland Capital Acquires Mixed-Use Property In Carroll Gardens For $3.1M
494 Henry Street, Carroll Gardens, Brooklyn, NY, USA
$3,100,000
$775/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
May 2, 2021
AI
A mixed-use property located at 494 Henry Street in Carroll Gardens, Brooklyn, was recently sold. The property is zoned as R6A and C2-4, allowing for both residential and commercial use. With a total square footage of 4,000, the property consists of 4 units. The sale price for this transaction was $3,100,000, with a price per square foot of $775.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Address: 494 Henry Street
- Market: Carroll Gardens, Brooklyn
- Zoning: R6A, C2-4
- Total Square Footage: 4,000
- Units: 4
- Price per Square Foot: $775
Derby Copeland Capital was the buyer in this transaction. The deal was facilitated by brokers Robert Burton, Dan O'Brien, Bobby Carrozzo, Caroline Hodes, and Casey Begoon, who represented the buyer. The transaction took place on May 3, 2021.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93