Jacob Namdar Acquires Mixed-Use Property On Nassau Avenue In Greenpoint For $2.2M
144 Nassau Avenue
$2,200,000
$601/SF
Building Size
3,657 SF
Asset Type
Mixed-use
Closing
May 17, 2024
About this deal
AI
Located at 144 Nassau Avenue in Greenpoint, Brooklyn, the mixed-use property was sold for $2,200,000. Spanning 3,657 square feet, the asset was purchased by Jacob Namdar from seller Frank Petrucha. The transaction was facilitated by Lisa Sulfaro from The Corcoran Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Market: Greenpoint, Brooklyn
- Square Footage: 3,657
- Buyer: Jacob Namdar
- Seller: Frank Petrucha
- Broker: Lisa Sulfaro - The Corcoran Group
Jacob Namdar, the buyer of the property at 144 Nassau Avenue, recently expressed interest in acquiring various asset types, including mixed-use buildings, 1-5 families, retail condos, co-ops, taxpayers, free-market multifamily properties, office buildings, and residential conversions in Manhattan, Brooklyn, Queens, and Long Island. His investment group, NH Property Group, is open to properties with below-market rents and is willing to consider assets up to $100 million. For inquiries, Namdar can be contacted directly via email at [email protected] or phone at 516.455.4065.
Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93