Johnny Din And Jake Kolb Acquire Mixed-use Property In Crown Heights, Brooklyn For $2.13M
629 Classon Avenue
$2,130,000
$461/SF
Building Size
4,620 SF
Asset Type
Mixed-use
Closing
Sep 19, 2022
About this deal
AI
The mixed-use property located at 629 Classon Ave. in Crown Heights, Brooklyn has been sold for a total price of $2,130,000. The property spans 4,620 square feet, resulting in a price per square foot of $461. The transaction took place on September 19, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,130,000
- Address: 629 Classon Ave., Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
- Buyer: Johnny Din & Jake Kolb
- Seller: Joyce Huang
- Brokers: Dov Chein & Benjamin Vago, Esq. - Ariel Property Advisors
- Square Footage: 4,620
- Price per Square Foot: $461
The sale of this property was facilitated by Dov Chein and Benjamin Vago, Esq. of Ariel Property Advisors, who represented the buyers, Johnny Din and Jake Kolb. The transaction brings together the parties involved in this lucrative deal within the Crown Heights market.
On the Map
$2,130,000
$461/SF
Mixed-use
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Players
Brooklyn 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
7.45%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93