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.
Brooklyn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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