Mitrani Family Sells Mixed-Use Property In Sunset Park, Brooklyn For $11.5M
5109 5th Ave Brooklyn, NY 11220, USA
$11,500,000
$532/SF
Building Size
21,600 SF
Asset Type
Mixed-use
Closing
Sep 13, 2023
AI
A mixed-use property located at 5109 5th Avenue in Sunset Park, Brooklyn has been sold. The property, spanning 21,600 square feet, was sold for a price of $11,500,000, which translates to a price per square foot of $532. The transaction took place between the Mitrani Family, who were the sellers, and the Dweck Family, who were the buyers. The property was listed by Josh Goldflam from Highcap Group, representing the sellers, and the buyers were assisted by Zach Mishaan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Address: 5109 5th Avenue, Sunset Park, Brooklyn
- Square Footage: 21,600
- Price per Square Foot: $532
- Seller: Mitrani Family
- Buyer: Dweck Family
- Seller's Representative: Josh Goldflam - Highcap Group
- Buyer's Representative: Zach Mishaan
The transaction involved two prominent families, the Mitrani Family, who were the sellers, and the Dweck Family, who were the buyers. The sellers were represented by Josh Goldflam from Highcap Group, while the buyers were guided by Zach Mishaan. This deal marks a significant transaction in the vibrant Sunset Park neighborhood, showcasing the ongoing activity in the real estate market.
Players
Market 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93