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4802 6th Avenue

Yaniv Garbo & Daniel Markovich Acquire Church From Presbytery Of New York For $3.3M
SOLDChurch

Yaniv Garbo & Daniel Markovich Acquire Church From Presbytery Of New York For $3.3M

4802 6th Avenue

$3,300,000

$600/SF

Building Size

5,500 SF

Asset Type

Church

Closing

Jun 29, 2026

AI

The asset involved in this transaction is a church located at 4802 6th Avenue in Brooklyn, with a sale price of $3,300,000. The property covers a square footage of 5,500, with a price per square foot of $600.

Summary of transaction details:

  • Property Type: Church
  • Transaction Amount: $3,300,000
  • Address: 4802 6th Avenue
  • Market: Brooklyn
  • Buyer: Yaniv Garbo & Daniel Markovich
  • Seller: Presbytery of New York
  • Brokers: Nathan Horne & Yosef Amresh - Compass
  • Square Footage: 5,500
  • Price per Square Foot: $600

This transaction was facilitated by brokers Nathan Horne and Yosef Amresh, who noted the seamless nature of the deal. The buyers, Yaniv Garbo and Daniel Markovich, were selected after the evaluation of numerous offers and are associated with GAC Equities, known for their previous work with church conversions. For further inquiries, Yaniv can be contacted at [email protected] or 646-305-5952.

Players

Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$229.9M

vol

30 deals

Broker

Yaniv Garbo

Buyer

$25.6M

vol

9 deals

Buyer

Market Church Market Snapshot

Boundary boundary · Church · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93