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551 Gates Avenue, Brooklyn,...

Mark Guindi Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.32M
SOLDMixed-use

Mark Guindi Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.32M

551 Gates Avenue, Brooklyn, New York 11216, United States

$2,325,000

Building Size

Asset Type

Mixed-use

Closing

Mar 6, 2022

AI

A mixed-use property located at 551 Gates Avenue in Bedford-Stuyvesant, Brooklyn has been sold for $2,325,000. The property spans 4,000 square feet, resulting in a price per square foot of $581.

Summary of transation details

The buyer for this transaction is Mark Guindi, while the seller is Max Kozlowitz. The deal was facilitated by Zachary Fuchs from GFI Realty Services and Steven Vegh from Westwood Realty.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
Progress Capital
Progress CapitalBrokerage
Mark Guindi

Mark Guindi

GD Capital

Buyer

$39.9M

vol

14 deals

Buyer

Max Kozlowitz

Deergrow Developments

Seller

$5.7M

vol

3 deals

Seller
TD Bank
TD BankLender

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

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93