Christopher Leahy Of MRM Equity Acquires Mixed-Use Property From Chaim Wurzberger For $7.25M
489 3rd Avenue
$7,249,986
$954/SF
Building Size
7,598 SF
Asset Type
Mixed-use
Closing
Dec 30, 2024
AI
The property asset involved in the transaction is a mixed-use building located at 489 3rd Avenue in the Gowanus market of Brooklyn. The total sale price was $7,249,986, with a total square footage of 7,598 and a price per square foot of $954.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,249,986
- Address: 489 3rd Avenue
- Market: Gowanus, Brooklyn
- Square Feet: 7,598
- Price per Square Foot: $954
- Buyer: Christopher Leahy - MRM Equity
- Seller: Chaim Wurzberger - Candor Capital
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz - Investment Property Realty Group (IPRG)
The key individuals involved in this deal include Christopher Leahy representing MRM Equity as the buyer and Chaim Wurzberger from Candor Capital as the seller. The transaction was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93