Mendel Fleischman Acquires Multifamily Property And Garage In Brooklyn From Salvatore Gargano For $9.2M
239 Conselyea Street & 241 Conselyea Street
$9,200,000
Building Size
—
Asset Type
Garage
Closing
Jun 10, 2026
AI
A multifamily property and garage was sold for $9,200,000 located at 239 & 241 Conselyea Street in the Brooklyn market. The asset type highlights a blend of residential and commercial usage, indicative of mixed asset investment opportunities within the area.
Summary of transaction details:
- Property Type: MultiFamily & Garage
- Transaction Amount: $9,200,000
- Buyer: Mendel Fleischman
- Seller: Salvatore Gargano
- Transaction Date: 06/10/2026
- Address: 239 & 241 Conselyea Street
- Market: Brooklyn
The buyer, Mendel Fleischman, is engaging in ongoing investment activities in the local market, while the seller, Salvatore Gargano, has successfully completed this transaction, contributing to the overall market dynamics surrounding mixed assets in Brooklyn.
Players
Brooklyn Garage Market Snapshot
Boundary boundary · Garage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93