facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

494 Henry Street, Carroll G...

Derby Copeland Capital Acquires Mixed-Use Property In Carroll Gardens For $3.1M
SOLDMixed-use

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

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker

Derby Copeland Capital

Buyer

$58.3M

vol

13 deals

Buyer
BridgeCity Capital
BridgeCity CapitalLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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