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Joon Myung Yoon Acquires Mixed-Use Property From Carlenia Edwards In Brooklyn For $2.7M

Property Image
SOLD
$2,700,000

New York

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Mixed-use4,360 SF
Sold 08/22/2025
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Property Image
SOLD

Joon Myung Yoon Acquires Mixed-Use Property From Carlenia Edwards In Brooklyn For $2.7M

760 Franklin Avenue

See Similar Deals
Mixed-use4,360 SF
Sold 08/22/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$619
Total Square Footage:4,360 SF
Transaction Type:Sale

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

 Jason Abrishami
6 deals$13.3M volume(516) 238-3520
BROKER

Jerry Minsky
Douglas Elliman
6 deals$13.3M volume(917) 301-1604
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Jason Abrishami & Jerry Minsky DATE: 8/22/2025 ADDRESS: 760 Franklin Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use (2 Residential & 1 Commercial) BUYER: Joon Myung Yoon SELLER: Carlenia Edwards BROKERS: Jason Abrishami (@JasonAbrishami) & Jerry Minsky (@JerryMinsky) (@MinskyAbrishamiteam) - Douglas Elliman (@DouglasElliman) SALE PRICE: $2,700,000 UNITS: 3 ~ PPU: $900,000 SF: 4,360 ~ PPSF: $619

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

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53