Greg Corbin & Chaya Milworn Of Northgate Real Estate Group Facilitate Mixed-Use Sale In Brooklyn For $3.5M
6623 Fort Hamilton Parkway
$3,500,000
$1,457/SF
Building Size
2,401 SF
Asset Type
Mixed-use
Closing
Apr 9, 2025
AI
The asset involved in this transaction is a mixed-use property located at 6623 Fort Hamilton Parkway in Brooklyn. The sale price for the property was $3,500,000, consisting of 28 units. The total square footage of the property is 2,401, which equates to a price per square foot of $1,457 and a price per unit of $125,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Units: 28
- Price per Unit: $125,000
- Square Footage: 2,401
- Price per Square Foot: $1,457
- Date of Transaction: 4/10/2025
- Brokers: Greg Corbin & Chaya Milworn - Northgate Real Estate Group
Greg Corbin and Chaya Milworn represented the transaction as brokers from Northgate Real Estate Group, facilitating this sale in the Brooklyn market.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93