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4706-4708 13th Avenue, Broo...

Perlstein Family Acquires Mixed-Use Property In Borough Park For $3.15M
SOLDMixed-use

Perlstein Family Acquires Mixed-Use Property In Borough Park For $3.15M

4706-4708 13th Avenue, Brooklyn, New York 11219, United States

$3,150,000

$878/SF

Building Size

3,584 SF

Asset Type

Mixed-use

Closing

Jun 7, 2022

AI

The property involved in this closed transaction is a mixed-use asset located at 4706-4708 13th Ave. in Borough Park. The transaction took place on 06/08/2022, with a sale price of $3,150,000. The property spans a total area of 3,584 square feet, resulting in a price per square foot of $878. The buyer of the property is the Perlstein Family, while the seller is the Rosenzweig Family. The transaction was facilitated by brokers Shaun Riney and Zalman Yarmush from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,150,000
  • Address: 4706-4708 13th Ave., Borough Park
  • Date: 06/08/2022
  • Market: Borough Park
  • Square Footage: 3,584
  • Price per Square Foot: $878
  • Buyer: Perlstein Family
  • Seller: Rosenzweig Family
  • Brokers: Shaun Riney & Zalman Yarmush - Marcus & Millichap

Shaun Riney and Zalman Yarmush from Marcus & Millichap played a pivotal role as the brokers in this transaction. Their expertise and representation aided in the successful completion of the deal between the Perlstein Family and the Rosenzweig Family.

Players

Zalman Yarmush

Yarmush Investment Group

Broker

$90.8M

vol

25 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

359 deals

Broker

Perlstein Family

Buyer

$5.1M

vol

2 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93