Updated Oct 29, 2024
Justin Homapour's Crown Investments Sells Greenpoint Townhouse For $2.4M
29 Sutton Street, Greenpoint, Brooklyn, NY, USA
$2,400,000
$941/SF
Building Size
2,550 SF
Asset Type
Single Family Residence
Closing
Dec 9, 2020
About this deal
AI
Located at 29 Sutton Street in Greenpoint, Brooklyn, this townhouse property was recently sold in a closed transaction. The property consists of two units and falls under the R6B zoning category. Covering a total area of 2,550 square feet, the selling price for this home was $2,400,000. This calculates to a price per square foot of $941. It is worth noting that the previous sale of this property took place in November 2018, for a price of $1,175,000.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $2,400,000
- Units: 2
- Zoning: R6B
- Square Footage: 2,550
- Previous Sale Price: $1,175,000 (11/2018)
The seller of this property is Justin Homapour, representing CROWN Investments. CROWN Investments is known for being one of the most active cash buyers of 1-8 family dwellings in the NY Metro area. With over 100 properties purchased since 2011, they have established themselves as a prominent player in the real estate market.
For more information and inquiries about this transaction, you can contact Justin Homapour from CROWN Investments by email at [email protected] or by phone at 516.770.4297.
Brooklyn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $941 per square foot on a published $2.4M for 2,550 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93