Eric Mann Acquires Mixed-Use Property On Norman Avenue In Greenpoint For $3.1M
152 Norman Ave, Brooklyn, NY 11222, USA
$3,100,000
$564/SF
Building Size
5,494 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
AI
Located at 152 Norman Avenue in Greenpoint, Brooklyn, this mixed-use property is the subject of a recent closed transaction.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Square Footage: 5,494
- Price per Square Foot: $564
- Address: 152 Norman Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
Eric Mann successfully acquired the property from Christina Kantlis. The transaction was facilitated by Peter Von Der Ahe, Shaun Riney, and Mike Salvatico from New York Multifamily and 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93