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Mitrani Family Sells Mixed-Use Property In Sunset Park, Brooklyn For $11.5M

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SOLD
$11,500,000

New York

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Mixed-use21,600 SF
Sold 09/13/2023
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Property Image
SOLD

Mitrani Family Sells Mixed-Use Property In Sunset Park, Brooklyn For $11.5M

5109 5th Ave Brooklyn, NY 11220, USA

See Similar Deals
Mixed-use21,600 SF
Sold 09/13/2023
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$532
Total Square Footage:21,600 SF
Transaction Type:Sale

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

Josh Goldflam
29 deals$278.1M volume
BROKER

Zachary (Zach) Mishaan
Kassin Sabbagh Realty
6 deals$98.8M volume
BROKER

Details

SOLD
IMAGE: Josh Goldflam & Zach Mishaan DATE: 09/13/2023 ADDRESS: 5109 5th Avenue MARKET: Sunset Park, Brooklyn ASSET TYPE: Mixed-use SELLER: Mitrani Family BUYER: Dweck Family SELLER'S REP: Josh Goldflam (@JoshGoldflam) - Highcap Group (@Highcap_Group) BUYER'S REP: Zach Mishaan ASKING PRICE: $13,500,000 SALE PRICE: $11,500,000 SF: 21,600 ~ PPSF: $532

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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