Salvio Randazzo Acquires Mixed-Use Property In Crown Heights, Brooklyn For $1.5M
874 Nostrand Avenue
$1,517,000
$476/SF
Building Size
3,186 SF
Asset Type
Mixed-use
Closing
Sep 22, 2023
About this deal
AI
A mixed-use property located at 874 Nostrand Avenue in Crown Heights, Brooklyn has been sold in a recent transaction. The property spans approximately 3,186 square feet and was sold for a price of $1,517,000. The price per square foot for the property is $476.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,517,000
- Address: 874 Nostrand Avenue, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
The buyer of the property is Salvio Randazzo, while the seller is Eric Kim. The transaction was facilitated by Stephen Safina of Three Point Real Estate, who acted as the broker. Stephen Safina represented Salvio Randazzo in this deal.
On the Map
$1,517,000
$476/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
10.46%
Cash-on-Cash
-2.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93