Leon Goldenberg Acquires Mixed-Use Property In Prospect Heights, Brooklyn From Glen Yurgel
560 Vanderbilt Avenue
$2,825,000
$352/SF
Building Size
8,008 SF
Asset Type
Mixed-use
Closing
Aug 29, 2022
AI
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.
Players
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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93