Silvershore Properties Sells Mixed-Use Asset In Brooklyn For $4.35M With Brokers Matthew Fernandez And Ethan Stanton
754 Grand Street
$4,350,000
$630/SF
Building Size
6,903 SF
Asset Type
Mixed-use
Closing
Nov 24, 2014
AI
The property involved in this transaction is a mixed-use asset located at 754 Grand Street in Brooklyn. The sale price for the property is $4,350,000.00, and it encompasses a total square footage of 6,903.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,350,000.00
- Address: 754 Grand Street
- Market: Brooklyn
- Square Footage: 6,903.0
- Seller: Silvershore Properties
- Brokers involved: Matthew Fernandez - Okada & Company, Ethan Stanton - JLL, Brendan Maddigan
Key individuals involved in this deal include Matthew Fernandez representing Okada & Company and Ethan Stanton from JLL, as well as Brendan Maddigan. The seller of the property is Silvershore Properties, marking a significant transaction in the local market.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93