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
About this deal
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.
The mixed use sale at 152 Norman Ave, Brooklyn, NY 11222, USA in New York, New York sold for $3.1M in 2020. The building is 5,494 square feet, implying about 564 per square foot on the published price. Michael (Mike) Salvatico, Peter Von Der Ahe, Shaun Riney, Eric Mann appear on the sale alongside Marcus & Millichap. This page is the New York, New York file for the 152 Norman Ave, Brooklyn, NY 11222, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 152 Norman Ave, Brooklyn, NY 11222, USA around 2020. Published consideration for 152 Norman Ave, Brooklyn, NY 11222, USA is $3.1M, dated 2020. Cite this Eric Mann Acquires Mixed-Use Property On Norman Avenue In Greenpoint For $3.1M sale when underwriting similar mixed use product around New York, New York.
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