Mixed-Use Property At 341 Smith Street Brooklyn Sold For $3 Million With Brokers Matthew Cosentino And Remi Norris
341 Smith Street
$3,000,000
$928/SF
Building Size
3,231 SF
Asset Type
MultiFamily
Closing
May 9, 2023
AI
A mixed-use asset located at 341 Smith Street in Brooklyn has been sold for $3,000,000. The property encompasses a total square footage of 3,231, resulting in a price per square foot of $929.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,000,000
- Address: 341 Smith Street
- Market: Brooklyn
- Square Footage: 3,231
- Price Per Square Foot: $929
The transaction involved brokers Matthew Cosentino and Remi Norris from Terra CRG, along with Cosmin Ardeljan from HKS Realty Services LLC. Each played a role in facilitating the sale of the property during this transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93