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233 South 3rd Street

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

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:

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 Lebor

Terra CRG

Broker

$986.7M

vol

50 deals

Broker
NorthMarq
NorthMarqBrokerage
Terra CRG
Terra CRGBrokerage

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

4.77%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93