Han Pak Sells Mixed-Use Property On Sutter Avenue In Brooklyn For $1.1M With Terra CRG Brokers
591 Sutter Ave Brooklyn, NY 11207, USA
$1,100,000
$210/SF
Building Size
5,238 SF
Asset Type
Mixed-use
Closing
Aug 2, 2023
About this deal
AI
Located at 591 Sutter Avenue in Brooklyn, this mixed-use property was recently sold for a price of $1,100,000. Spanning a total of 5,238 square feet, the property offers a combination of residential and commercial spaces. With a price per square foot of $210, this transaction presents a valuable investment opportunity in the Brooklyn market.
Summary of Transaction Details
- Property Type: Mixed-Use
- Transaction Amount: $1,100,000
- Square Footage: 5,238
- Price per Square Foot: $210
- Address: 591 Sutter Avenue, Brooklyn
The sale of this property was facilitated by Terra CRG's brokers, Matthew Cosentino and Remi Norris. Their expertise and market knowledge played a crucial role in successfully closing the deal. Representing the seller, Han Pak, they ensured a smooth transaction process and secured a favorable sale price for the property.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93