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754 Grand Street

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

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:

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

Broker

$4.8B

vol

129 deals

Broker
Matthew Fernandez
Verified Badge

Matthew Fernandez

OpenKey™

Broker

$22.3M

vol

12 deals

Broker
SP
Silvershore PropertiesSeller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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