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341 Smith Street

Mixed-Use Property At 341 Smith Street Brooklyn Sold For $3 Million With Brokers Matthew Cosentino And Remi Norris
SOLDMultiFamily

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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

John Macropoulos

Buyer

$10.2M

vol

2 deals

Buyer

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