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737 Church Avenue

Sutter Family Acquires Mixed-Use Property At 737 Church Avenue From Greenroad Capital For $1.8M
SOLDMixed-use

Sutter Family Acquires Mixed-Use Property At 737 Church Avenue From Greenroad Capital For $1.8M

737 Church Avenue

$1,800,000

$545/SF

Building Size

3,300 SF

Asset Type

Mixed-use

Closing

Mar 20, 2025

AI

The mixed-use property located at 737 Church Avenue in Brooklyn has been sold for $1,800,000. The asset, which encompasses a total of 3,300 square feet, was sold at a price per square foot of $545.

Summary of transaction details:

Zalman Yarmush from Yarmush Investment Group represented the seller in this transaction. The deal was characterized by a competitive marketing campaign, leading to multiple offers before selecting an all cash buyer. The closing of the sale occurred within 30 days. There is a noted high demand for Free Market, Tax Class 1 Properties in the area.

Players

Zalman Yarmush

Yarmush Investment Group

Broker

$90.8M

vol

25 deals

Broker
GC
Greenroad CapitalSeller

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93