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568 Driggs Ave, Brooklyn, N...

Barry Wagschal Purchases Property At 568 Driggs Ave Brooklyn From Larry Kessler With Corey Haynes And Hakeem Lecky As Brokers
SOLDMixed-use

Barry Wagschal Purchases Property At 568 Driggs Ave Brooklyn From Larry Kessler With Corey Haynes And Hakeem Lecky As Brokers

568 Driggs Ave, Brooklyn, NY, 11211

Building Size

5,250 SF

Asset Type

Mixed-use

Closing

Aug 10, 2021

AI

568 Driggs Ave, Brooklyn, NY, 11211 is a property with a size of 5,250 square feet located in the Brooklyn market. The transaction details indicate that it was sold, although the price is not specified in the context provided.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: Not specified
  • Address: 568 Driggs Ave, Brooklyn, NY, 11211
  • Market: Brooklyn
  • Buyer: Barry Wagschal
  • Seller: Larry Kessler
  • Buyer’s Representatives: Corey Haynes - Investment Property Realty Group "IPRG", Hakeem Lecky - Investment Property Realty Group "IPRG"
  • Square Footage: 5,250

The transaction involved key individuals including buyer Barry Wagschal and seller Larry Kessler, facilitated by representatives Corey Haynes and Hakeem Lecky from Investment Property Realty Group "IPRG". Their involvement showcases the efforts of professionals in the property market during this closed transaction.

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker

Barry Wagschal

Buyer

$28M

vol

7 deals

Buyer

Brooklyn 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93