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775 Grand St

Haroun Doumah Acquires Mixed-Use Property At 775 Grand St Brooklyn For $1.6M
SOLDMixed-use

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

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.

Players

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

Haroun Doumah

Buyer
Buyer

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93