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
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