Mo Alsaidi Acquires Mixed-Use Property On Manhattan Avenue In Greenpoint, Brooklyn For $6.35M
SOLD
$6,350,000
New York
See Similar DealsMixed-use4,625 SF
Sold 10/17/2023
SOLD
Mo Alsaidi Acquires Mixed-Use Property On Manhattan Avenue In Greenpoint, Brooklyn For $6.35M
626 Manhattan Avenue
See Similar DealsMixed-use4,625 SF
Sold 10/17/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,373
Total Square Footage:4,625 SF
Transaction Type:Sale
The property at 626 Manhattan Avenue in Greenpoint, Brooklyn has been sold for a transaction amount of $6,350,000. The mixed-use asset spans across 4,625 square feet, with a price per square foot of $1,373.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,350,000
- Square Footage: 4,625
- Price Per Square Foot: $1,373
- Address: 626 Manhattan Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
Mo Alsaidi has purchased the property, with the assistance of brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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