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Dr. Harout Nalbandian Sells Mixed-Use Building At 233 South 3rd Street Brooklyn For $3.325M

Property Image
SOLD
$3,325,000
Matthew (Matt) Cosentino
Daniel (Dan) Lebor
+ 2

New York

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Mixed-use5,518 SF
Sold 07/01/2025
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Property Image
SOLD

Dr. Harout Nalbandian Sells Mixed-Use Building At 233 South 3rd Street Brooklyn For $3.325M

233 South 3rd Street

See Similar Deals
Mixed-use5,518 SF
Sold 07/01/2025
Matthew (Matt) Cosentino
Daniel (Dan) Lebor
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$602
Total Square Footage:5,518 SF
Transaction Type:Sale

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:

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

Daniel (Dan) Lebor
50 deals$986.7M volume
BROKER

Dan Marks
Terra CRG
48 deals$904.6M volume
BROKER

Matthew (Matt) Cosentino
Terra CRG
81 deals$319M volume
BROKER

Jason Maier
NorthMarq
1 deal$3.3M volume(646) 841-0627
BROKER

Michael Kelleher
Terra CRG
1 deal$3.3M volume
BROKER

NorthMarq
BROKERAGE

Terra CRG
BROKERAGE

Details

SOLD
IMAGE: Dan Marks, Daniel Lebor, Matthew Cosentino, Michael Kelleher & Jason Maier DATE: 7/1/2025 ADDRESS: 233 South 3rd Street MARKET: Brooklyn ASSET TYPE: Mixed-use SELLER: Dr. Harout Nalbandian BROKERS: Matthew Cosentino, Dan Marks (@BrooklynDanny_TerraCRG), Michael Kelleher & Daniel Lebor - Terra CRG (@TerraCRG); Jason Maier (@1031broker) - Northmarq SALE PRICE: $3,325,000 UNITS: 4 ~ PPU: $831,250 SF: 5,518 ~ PPSF: $602

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$177,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36