Andrew Gluck Acquires Mixed-Use Property In Crown Heights, Brooklyn For $2.4M
678 Franklin Avenue, Brooklyn, NY 11238, USA
$2,400,000
$831/SF
Building Size
2,886 SF
Asset Type
Mixed-use
Closing
Mar 31, 2019
AI
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.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93