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:
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
- Seller: Greenroad Capital
- Buyer: Sutter Family
- Broker: Zalman Yarmush - Yarmush Investment Group
- Date of Transaction: 03/20/2025
- Market: Brooklyn
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.
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