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193 Graham Avenue

Yaniv Garbo Purchases Mixed-Use Property From Julio Mercado In Brooklyn For $2.5M
SOLDMixed-use

Yaniv Garbo Purchases Mixed-Use Property From Julio Mercado In Brooklyn For $2.5M

193 Graham Avenue

$2,500,000

$1,041/SF

Building Size

2,400 SF

Asset Type

Mixed-use

Closing

Jan 29, 2025

AI

The property asset involved is a mixed-use building located at 193 Graham Avenue in Brooklyn. The sale price of this property was $2,500,000, and it encompasses a total area of 2,400 square feet, with a price per square foot of $1,041.

Summary of transaction details:

Solomon Davydov and Michele Best from Exit Realty First Choice successfully represented the seller in this transaction, facilitating the sale of the distressed special-purpose property. They have extended an invitation for potential sellers to contact them to explore selling options.

Players

Solomon Davydov

Exit Realty First Choice

Broker

$44.9M

vol

10 deals

Broker

Yaniv Garbo

Exit Realty First Choice

Buyer

$22.3M

vol

8 deals

Buyer
Exit Realty First Choice
Exit Realty First ChoiceSeller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93