Dr. Harout Nalbandian Sells Mixed-Use Building At 233 South 3rd Street Brooklyn For $3.325M
233 South 3rd Street
$3,325,000
$602/SF
Building Size
5,518 SF
Asset Type
Mixed-use
Closing
Jun 30, 2025
AI
The property asset is a mixed-use building located at 233 South 3rd Street in the Brooklyn market. It was sold for $3,325,000, comprising 4 units and a total square footage of 5,518, which results in a price per unit of $831,250 and a price per square foot of $602.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,325,000
- Units: 4
- Price Per Unit: $831,250
- Square Footage: 5,518
- Price Per Square Foot: $602
- Seller: Dr. Harout Nalbandian
- Broker Representatives: Matthew Cosentino, Dan Marks, Michael Kelleher, and Daniel Lebor - Terra CRG; Jason Maier - Northmarq
The transaction involved key representatives from the brokerage firms. Matthew Cosentino, Dan Marks, Michael Kelleher, and Daniel Lebor represented the seller through Terra CRG, while Jason Maier represented the interests through Northmarq.
Players
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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93