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5109 5th Ave Brooklyn, NY 1...

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

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

Josh Goldflam

Highcap Group

Broker

$278.1M

vol

29 deals

Broker

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