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544 Court Street

Updated Sep 5, 2024

Dr. Jeffrey Kramer Sells Mixed-Use Property In Carroll Gardens For $3M
SOLDMixed-use

Dr. Jeffrey Kramer Sells Mixed-Use Property In Carroll Gardens For $3M

544 Court Street

$3,000,000

$802/SF

Building Size

3,740 SF

Asset Type

Mixed-use

Closing

Jul 12, 2023

About this deal

AI

A mixed-use property located at 544 Court Street in Carroll Gardens has been sold for a price of $3,000,000. The property, which spans 3,740 square feet, consists of three units. With a price per unit of $1,000,000, the price per square foot comes to $802.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,000,000
  • Units: 3
  • Price Per Unit: $1,000,000
  • Square Feet: 3,740
  • Price Per Square Foot: $802

Dr. Jeffrey Kramer has sold the property, with Lev Mavashev and Ben Normatov from Alpha Realty representing him as brokers in the deal.

Players

Lev Mavashev

Alpha Realty

Broker

$751.3M

vol

107 deals

Broker

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $802 per square foot on a published $3M for 3,740 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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