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642 Vermont St, Brooklyn, N...

Gabriel Eisen Acquires Mixed-Use Property On Vermont Street For $1.25M
SOLDMixed-use

Gabriel Eisen Acquires Mixed-Use Property On Vermont Street For $1.25M

642 Vermont St, Brooklyn, NY 11207, USA

$1,250,000

$228/SF

Building Size

5,475 SF

Asset Type

Mixed-use

Closing

Jun 17, 2019

AI

The mixed-use property located at 642 Vermont Street in Brooklyn has been sold for $1,250,000. Spanning 5,475 square feet, the property was purchased at a price per square foot of $228. The transaction involved the following parties:

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $1,250,000
  • Address: 642 Vermont Street, Brooklyn
  • Market: Brooklyn
  • Square Footage: 5,475
  • Price Per Square Foot: $228

The seller of the property was Gershon Eichorn, represented by Up Realty. The buyer was Gabriel Eisen, represented by F&G Real Estate. The transaction was facilitated by Lev Mavashev from Alpha Realty.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

Gershon Eichorn

Seller

$49.4M

vol

7 deals

Seller

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93