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760 Franklin Avenue

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

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

Jason Abrishami

Douglas Elliman

Broker

$13.3M

vol

6 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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