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732 Greene Ave, Brooklyn, N...

Nick Dragonetti Acquires Mixed-Use Property In Bedstuy-Stuyvesant For $1.65M
SOLDMixed-use

Nick Dragonetti Acquires Mixed-Use Property In Bedstuy-Stuyvesant For $1.65M

732 Greene Ave, Brooklyn, NY 11221, USA

$1,650,000

$29/SF

Building Size

55,480 SF

Asset Type

Mixed-use

Closing

Jan 28, 2020

AI

A mixed-use property located at 732 Greene Avenue in Bedstuy-Stuyvesant, Brooklyn has been sold for $1,650,000. The property spans a total of 5,548 square feet with a price per square foot of $397. It consists of six apartments and one store, totaling seven units. The sale price per unit stands at $235,714.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,650,000
  • Address: 732 Greene Avenue
  • Market: Bedstuy-Stuyvesant, Brooklyn
  • Square Footage: 5,548
  • Price Per Square Foot: $397
  • Units: 7 (6 Apartments & 1 Store)
  • Price Per Unit: $235,714

The seller of the property was Mayer Kohn, while the buyer was Nick Dragonetti. The transaction was facilitated by the brokers representing @brg_cre, including Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker

Mayer Kohn

Seller

$6.1M

vol

2 deals

Seller

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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93