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Silvershore Properties Sells Mixed-Use Asset In Brooklyn For $4.35M With Brokers Matthew Fernandez And Ethan Stanton

Property Image
SOLD
$4,350,000
Matthew Fernandez
Ethan Stanton
Brendan Maddigan

New York

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Mixed-use6,903 SF
Sold 11/24/2014
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Property Image
SOLD

Silvershore Properties Sells Mixed-Use Asset In Brooklyn For $4.35M With Brokers Matthew Fernandez And Ethan Stanton

754 Grand Street

See Similar Deals
Mixed-use6,903 SF
Sold 11/24/2014
Matthew Fernandez
Ethan Stanton
Brendan Maddigan
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$630
Total Square Footage:6,903 SF
Lot Square Footage:2433 SF
Transaction Type:Sale

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:

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

Brendan Maddigan
JLL
Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
134 deals$6.2B volume(516) 790-7718
BROKER
Matthew Fernandez
OpenKey™
Matthew Fernandez
12 deals$22.3M volume(917) 905-8256
BROKER
SP
Silvershore Properties
SELLER

Details

SOLD
IMAGE: 11/24/2014 ADDRESS: 754 Grand Street MARKET: Brooklyn ASSET TYPE: Mixed-use BROKERS: Matthew Fernandez(Okada & Company), Ethan Stanton(JLL), Brendan Maddigan() SELLER: Silvershore Properties PRICE: $4,350,000.00 SF: 6903.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63