Joon Myung Yoon Acquires Mixed-Use Property From Carlenia Edwards In Brooklyn For $2.7M
760 Franklin Avenue
$2,700,000
$619/SF
Building Size
4,360 SF
Asset Type
Mixed-use
Closing
Aug 21, 2025
AI
The property asset involves a mixed-use building located at 760 Franklin Avenue in Brooklyn. The asset comprises 2 residential units and 1 commercial unit, with a total square footage of 4,360. The sale was completed at a price of $2,700,000, resulting in a price per unit of $900,000 and a price per square foot of $619.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Units: 3
- Price Per Unit: $900,000
- Square Footage: 4,360
- Price Per Square Foot: $619
- Buyer: Joon Myung Yoon
- Seller: Carlenia Edwards
- Brokers: Jason Abrishami & Jerry Minsky - Douglas Elliman
- Date of Sale: 8/22/2025
The transaction featured Joon Myung Yoon as the buyer, acquiring the property from seller Carlenia Edwards. The deal was facilitated by brokers Jason Abrishami and Jerry Minsky, who represent the parties through Douglas Elliman.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93