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229 Hawthorne Street

Ann Burton Sells Package Deal At 229 Hawthorne Street Brooklyn For $13.1M With Reavis Development Marketing
SOLDPackage Deal

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:

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

Natanel Malkoukian

Reavis Development Marketing

Broker

$313.1M

vol

16 deals

Broker

Brooklyn Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

Loading comparables…

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