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:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Buyer: Yaniv Garbo
- Seller: Julio Mercado
- Brokers: Solomon Davydov & Michele Best - Exit Realty First Choice
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
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