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696 Grand Street

Greenbrook Partners Sells Mixed-Use Property At 696 Grand Street In Brooklyn For $4.35M
SOLDMixed-use

Greenbrook Partners Sells Mixed-Use Property At 696 Grand Street In Brooklyn For $4.35M

696 Grand Street

$4,350,000

$1,208/SF

Building Size

3,600 SF

Asset Type

Mixed-use

Closing

Apr 1, 2026

AI

The asset involved in this transaction is a mixed-use property located at 696 Grand Street in Brooklyn. The property comprises one commercial unit and two residential units, totaling 3,600 square feet. The sale price for the property was $4,350,000, resulting in a price per unit of $1,450,000 and a price per square foot of $1,208.

Summary of transaction details:

  • Property Type: Mixed-use (1 Commercial & 2 Residential)
  • Transaction Amount: $4,350,000
  • Address: 696 Grand Street
  • Market: Brooklyn
  • Units: 3
  • Square Footage: 3,600
  • Price per Unit: $1,450,000
  • Price per Square Foot: $1,208
  • Seller: Greenbrook Partners
  • Broker: Novo Living

The transaction was facilitated by the broker Novo Living, representing the seller, Greenbrook Partners. This deal highlights the collaboration between these entities in the successful sale of the mixed-use property.

Players

Greg Fournier

Greenbrook Partners

Seller

$607.1M

vol

19 deals

Seller

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

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93