The Setton Family Acquires Mixed-Use Property At 668 President Street For $5,050,000
668 President Street
$5,050,000
$928/SF
Building Size
5,440 SF
Asset Type
Mixed-use
Closing
Aug 4, 2026
AI
The asset involved in this transaction is a mixed-use property located at 668 President Street in the Park Slope market. The property was sold for $5,050,000 with a total square footage of 5,440, resulting in a price per square foot of $928.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $5,050,000
- Address: 668 President Street
- Market: Park Slope
- Square Footage: 5,440
- Price per Square Foot: $928
- Buyer: The Setton Family
- Seller: RYCO Capital
- Brokers: Daniel O'Brien, Caroline Hodes, Henry Hill & Loren Valla - Newmark
This transaction involved the representation of the buyer by The Setton Family. The brokers working on this deal were from Newmark, specifically Daniel O'Brien, Caroline Hodes, Henry Hill, and Loren Valla, who facilitated the sale on behalf of the buyer.
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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93