Mo Alsaidi Acquires Mixed-Use Property On Manhattan Avenue In Greenpoint, Brooklyn For $6.35M
626 Manhattan Avenue
$6,350,000
$1,373/SF
Building Size
4,625 SF
Asset Type
Mixed-use
Closing
Oct 17, 2023
AI
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.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93