facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

640 Manhattan Avenue, Green...

Max Koshkerman & Oren Halali Acquire Mixed-Use Property In Greenpoint For $2.95M
SOLDMixed-use

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

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.

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

Oren Halali

Buyer

$5.2M

vol

2 deals

Buyer

Howard Berke

Seller

$8.7M

vol

3 deals

Seller

New York 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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93