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
About this deal
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.
On the Map
$4,350,000
$1,208/SF
Mixed-use
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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