facebook
Traded Co logo
Submit

Johnny Din And Jake Kolb Acquire Mixed-use Property In Crown Heights, Brooklyn For $2.13M

Property Image
SOLD
$2,130,000
Benjamin Vago, Esq.
Dov Chein
Johnny Din
+ 1

New York

See Similar Deals
Mixed-use4,620 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Johnny Din And Jake Kolb Acquire Mixed-use Property In Crown Heights, Brooklyn For $2.13M

629 Classon Avenue

See Similar Deals
Mixed-use4,620 SF
Sold
Benjamin Vago, Esq.
Dov Chein
Johnny Din
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$461
Total Square Footage:4620 SF
Transaction Type:Sale

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.

Players

Dov Chein
Ariel Property Advisors
Dov Chein
9 deals$27.4M volume
BROKER
Benjamin Vago, Esq.
Ariel Property Advisors
Benjamin Vago, Esq.
24 deals$244.9M volume
BROKER
Johnny Din
Johnny Din
16 deals$35.9M volume
BUYER
Johnny Din
Johnny Din
16 deals$35.9M volume
BUYER
Johnny Din
Johnny Din
16 deals$35.9M volume
BUYER
JK
Jake Kolb
4 deals$12.7M volume
BUYER

Details

SOLD
IMAGE: Dov Chein, Johnny Din, Jake Kolb & Benjamin Vago, Esq. DATE: 09/19/2022 ADDRESS: 629 Classon Ave. MARKET: Crown Heights, Brooklyn ASSET TYPE: Mixed-use BUYER: Johnny Din & Jake Kolb SELLER: Joyce Huang BROKERS: Dov Chein (@DovChein) & Benjamin Vago, Esq. - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $2,130,000 SF: 4,620 ~ PPSF: $461

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$113,599.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,567.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,097.29
Annual Debt Service$121,167.44