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29 Sutton Street, Greenpoin...

Justin Homapour's Crown Investments Sells Greenpoint Townhouse For $2.4M
SOLDSingle Family Residence

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

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.

Players

Justin Homapour

CROWN Investments

Seller

$16.2M

vol

8 deals

Seller

Brooklyn Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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