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
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