Ann Burton Sells Package Deal At 229 Hawthorne Street Brooklyn For $13.1M With Reavis Development Marketing
229 Hawthorne Street
$13,100,000
$1,082/SF
Building Size
12,100 SF
Asset Type
Package Deal
Closing
Jun 16, 2026
AI
A package deal located at 229 Hawthorne Street in Brooklyn was sold for $13,100,000. The asset encompasses 12,100 square feet, resulting in a price per square foot of $1,082.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $13,100,000
- Address: 229 Hawthorne Street
- Market: Brooklyn
- Seller: Ann Burton
- Broker Representatives: Natanel Malkoukian, Ann Gable, & Leah Azizian - Reavis Development Marketing
- Total Square Footage: 12,100
- Price per Square Foot: $1,082
Reavis Development Marketing, represented by Natanel Malkoukian, Ann Gable, and Leah Azizian, has successfully achieved over $750 million in sales year to date, highlighting the effectiveness of their sales strategy in the condominium market.
Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93