Max Koshkerman & Oren Halali Acquire Mixed-Use Property In Greenpoint For $2.95M
640 Manhattan Avenue, Greenpoint, Brooklyn, NY, USA
$2,950,000
$605/SF
Building Size
4,875 SF
Asset Type
Mixed-use
Closing
Nov 12, 2021
About this deal
AI
640 Manhattan Ave. in Greenpoint, Brooklyn recently sold for $2,950,000. The mixed-use property spans 4,875 square feet and has a price per square foot of $605. The transaction took place on November 12, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,950,000
- Address: 640 Manhattan Ave.
- Market: Greenpoint, Brooklyn
- Zoning: R6A, C2-4
Max Koshkerman and Oren Halali acquired the property from Howard Berke. Michael Sherman from Baseline Real Estate Advisors represented the buyers, while Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes from Bestreich Realty Group (BRG) represented the seller.
On the Map
$2,950,000
$605/SF
Mixed-use
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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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93