Bestreich Realty Group Acquires Mixed-Use Asset In Crown Heights, Brooklyn For $1.2M
SOLD
$1,200,000
+ 3
New York
See Similar DealsMixed-use2,688 SF
Sold 01/24/2022
SOLD
Bestreich Realty Group Acquires Mixed-Use Asset In Crown Heights, Brooklyn For $1.2M
98 Kingston Avenue, Brooklyn, NY 11213
See Similar DealsMixed-use2,688 SF
Sold 01/24/2022
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$446
Total Square Footage:2,688 SF
Transaction Type:Sale
A mixed-use property located at 98 Kingston Avenue in Crown Heights, Brooklyn has been sold for a price of $1,200,000. The property spans 2,688 square feet, resulting in a price per square foot of $446.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 98 Kingston Avenue
- Market: Crown Heights, Brooklyn
The sale of this mixed-used property was facilitated by the brokers Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates from Bestreich Realty Group (BRG).
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
Is there something missing? Send suggestions