Avi Ben Hamo Acquires Mixed-Use Property On 731 Washington Avenue, Crown Heights For $3M
731 Washington Avenue
$3,000,000
$545/SF
Building Size
5,500 SF
Asset Type
Mixed-use
Closing
Nov 28, 2023
AI
Located at 731 Washington Avenue in Crown Heights, Brooklyn, this mixed-use property recently changed hands in a sale transaction. The property spans approximately 5,500 square feet, with a sale price of $3,000,000, resulting in a price per square foot of $545.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 731 Washington Avenue, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
The buyer of the property is Avi Ben Hamo, while the seller is Albert Appleton. The transaction was facilitated by brokers Matthew Cosentino, Remi Norris, and Ronny (Aaron) Zimin from Terra CRG.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93