Bestreich Realty Group Acquires Mixed-Use Asset In Crown Heights, Brooklyn For $1.2M
98 Kingston Avenue, Brooklyn, NY 11213
$1,200,000
$446/SF
Building Size
2,688 SF
Asset Type
Mixed-use
Closing
Jan 24, 2022
About this deal
AI
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
New York 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93