Lieberman Family Acquires Mixed-use Property From East Coast Properties For $6.25 Million
4219 18th Avenue
$6,250,000
$148/SF
Building Size
42,120 SF
Asset Type
Mixed-use
Closing
Jun 25, 2025
About this deal
AI
The property located at 4219 18th Avenue in Brooklyn is a mixed-use asset. The sale price was $6,250,000, comprising 42 units and a total square footage of 42,120, resulting in a price per unit of $148,810 and a price per square foot of $148.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Buyer: Lieberman Family
- Seller: East Coast Properties
- Brokers: Erik Yankelovich, Shlomo Antebi & Yosef Katz - Atlas Realty Group
- Units: 42
- Square Footage: 42,120
- Price Per Unit: $148,810
- Price Per Square Foot: $148
The transaction involved notable brokers Erik Yankelovich, Shlomo Antebi, and Yosef Katz, who represented the parties involved in the deal, facilitating the successful completion of this transaction.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93