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130 3rd Street

Yosef Rabinowitz Acquires Mixed-Use Property In Gowanus, Brooklyn For $19.5M
SOLDMixed-use

Yosef Rabinowitz Acquires Mixed-Use Property In Gowanus, Brooklyn For $19.5M

130 3rd Street

$19,500,000

$325/SF

Building Size

60,000 SF

Asset Type

Mixed-use

Closing

Sep 14, 2023

AI

The mixed-use property located at 130 3rd Street in Gowanus, Brooklyn has been sold for a total of $19,500,000. Spanning across 60,000 square feet, this property offers a versatile space for a variety of commercial and residential purposes. With a price per square foot of $325, this transaction reflects the value and potential of this prime real estate in the Gowanus market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $19,500,000
  • Square Footage: 60,000
  • Price Per Square Foot: $325
  • Address: 130 3rd Street, Gowanus, Brooklyn

The buyer of this property is Yosef Rabinowitz. Representing the buyer's interests in this deal is David Junik, who works for Pinnacle Realty of New York. On the other side, Tomas Shleiwet from Greiner-Maltz Real Estate served as the seller's representative, ensuring a smooth transaction for both parties involved.

Players

David Junik

Pinnacle Realty of New York

Broker

$651.4M

vol

23 deals

Broker

Yosef Rabinowitz

Buyer

$27.5M

vol

2 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93