Andrew Gluck Acquires Mixed-Use Property In Crown Heights, Brooklyn For $2.4M
SOLD
$2,400,000
New York
See Similar DealsMixed-use2,886 SF
Sold 04/01/2019
SOLD
Andrew Gluck Acquires Mixed-Use Property In Crown Heights, Brooklyn For $2.4M
678 Franklin Avenue, Brooklyn, NY 11238, USA
See Similar DealsMixed-use2,886 SF
Sold 04/01/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$831
Total Square Footage:2,886 SF
Transaction Type:Sale
A mixed-use property located at 678 Franklin Ave in Crown Heights, Brooklyn was recently sold for $2,400,000. The property spans 2,886 square feet and has a price per square foot of $831. The sale took place on April 1, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 678 Franklin Ave
- Market: Crown Heights, Brooklyn
The seller of the property was Daniel Gluck and Steven Kassin from Infinity Real Estate. The buyer was Andrew Gluck. The transaction was facilitated by Saadya Notik from MAVRIK Property Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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