Leon Goldenberg Acquires Mixed-Use Property In Prospect Heights, Brooklyn From Glen Yurgel
SOLD
$2,825,000
New York
See Similar DealsMixed-use8,008 SF
Sold 08/29/2022
SOLD
Leon Goldenberg Acquires Mixed-Use Property In Prospect Heights, Brooklyn From Glen Yurgel
560 Vanderbilt Avenue
See Similar DealsMixed-use8,008 SF
Sold 08/29/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$352
Total Square Footage:8,008 SF
Transaction Type:Sale
The mixed-use property located at 560 Vanderbilt Ave. in Prospect Heights, Brooklyn has been sold. The transaction was completed on August 29, 2022, with a sale price of $2,825,000. The property spans 8,008 square feet and the price per square foot was $352.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,825,000
- Address: 560 Vanderbilt Ave.
- Market: Prospect Heights, Brooklyn
- Buyer: Leon Goldenberg
- Seller: Glen Yurgel
- Brokers: Zachary Fuchs & Michael D. Weiser - GFI Realty
- Square Footage: 8,008
- Price per Square Foot: $352
Zachary Fuchs and Michael D. Weiser from GFI Realty represented the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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