Haroun Doumah Acquires Mixed-Use Property At 775 Grand St Brooklyn For $1.6M
775 Grand St
$1,600,000
$290/SF
Building Size
5,500 SF
Asset Type
Mixed-use
Closing
Dec 4, 2023
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 775 Grand St in Brooklyn. The property has a square footage of 5,500 and was sold for $1,600,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000.00
- Address: 775 Grand St
- Market: Brooklyn
- Square Footage: 5,500.0
- Buyer: Haroun Doumah
- Broker Representatives: Josh Lipton - Invictus, Andrew Levine - Invictus
Key individuals involved in the transaction include the buyer, Haroun Doumah, along with the broker representatives from Invictus, Josh Lipton and Andrew Levine, who facilitated the deal on behalf of their clients.
On the Map
$1,600,000
$290/SF
Mixed-use
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93