Shel Capital Acquires Mixed-Use Property On Nassau Avenue In Greenpoint, Brooklyn For $1.9M
141 Nassau Avenue, Brooklyn, NY 11222
$1,915,000
$375/SF
Building Size
5,100 SF
Asset Type
Mixed-use
Closing
Jan 6, 2022
About this deal
AI
The mixed-use property located at 141 Nassau Avenue in Greenpoint, Brooklyn has been sold in a recent transaction. The property was purchased by Shel Capital from The Gioia Family. The deal was facilitated by Shaun Riney, Mike Salvatico, and Sam Leppo of Marcus & Millichap. The transaction took place on January 6, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,915,000
- Property Address: 141 Nassau Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
- Buyer: Shel Capital
- Seller: The Gioia Family
- Brokers: Shaun Riney, Mike Salvatico, and Sam Leppo - Marcus & Millichap
- Square Footage: 5,100
- Price Per Square Foot: $375
The transaction involved key individuals and companies such as buyer Shel Capital and seller The Gioia Family. The deal was successfully closed with the assistance of brokers Shaun Riney, Mike Salvatico, and Sam Leppo from Marcus & Millichap.
Players
New York 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
8.28%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93