NHK Realty Acquires Mixed-Use Property In Prospect Heights For $4.2M
605 Carlton Avenue, Brooklyn, New York 11238, United States
$4,200,000
$844/SF
Building Size
4,972 SF
Asset Type
Mixed-use
Closing
Jun 29, 2022
About this deal
AI
A mixed-use property located at 605 Carlton Avenue in Prospect Heights has been sold for a total price of $4,200,000. The property consists of 3 units, with each unit valued at $1,400,000. The total square footage of the property is 4,972, resulting in a price per square foot of $844.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,200,000
- Units: 3
- Price per Unit: $1,400,000
- Square Footage: 4,972
- Price per Square Foot: $844
- Market: Prospect Heights
NHK Realty, represented by Samie Lau & Bailey So, acquired the property from Dennis McGlone.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93