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152 Norman Ave, Brooklyn, N...

Eric Mann Acquires Mixed-Use Property On Norman Avenue In Greenpoint For $3.1M
SOLDMixed-use

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Eric Mann

Mann Group

Buyer

$78.4M

vol

12 deals

Buyer

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