Fruchter Estate Sells Mixed-Use Property In Greenpoint, Brooklyn For $10M
182-184 Eagle Street
$10,000,000
$445/SF
Building Size
22,445 SF
Asset Type
Mixed-use
Closing
Oct 17, 2023
About this deal
AI
The mixed-use property located at 182-184 Eagle Street in Greenpoint, Brooklyn has been sold for a total price of $10,000,000. Spanning across 22,445 square feet, this property offers a versatile space for various purposes. With a price per square foot of $446, the asset showcases its value in the vibrant real estate market of Greenpoint.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Square Footage: 22,445
- Price Per Square Foot: $446
- Address: 182-184 Eagle Street, Greenpoint, Brooklyn
Leading the deal as the sellers is the Fruchter Estate. The transaction was facilitated by the broker representatives Frederick Richter, James Nelson, and Joseph Moran from Avison Young. Their expertise and knowledge have played a key role in ensuring a successful sale of this mixed-use property in Greenpoint, Brooklyn.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93