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
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