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69 Lafayette Avenue, Brookl...

Z&G Property Group Acquires Mixed-Use Asset In Fort Greene For $3.6M
SOLDMixed-use

Z&G Property Group Acquires Mixed-Use Asset In Fort Greene For $3.6M

69 Lafayette Avenue, Brooklyn, New York 11217, United States

$3,600,000

$562/SF

Building Size

6,400 SF

Asset Type

Mixed-use

Closing

Jun 9, 2022

AI

Located at 69 Lafayette Ave in Fort Greene, this mixed-use property was recently sold in a closed transaction. The property spans a total of 6,400 square feet and features a diverse range of uses including residential and commercial spaces. The sale took place on 06/10/2022.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,600,000
  • Price per Square Foot: $562
  • Buyer: Z+G Property Group - Jay Greenberg, David Cohen, and Joey Byrne
  • Seller: Tretter Family

Z+G Property Group, represented by Jay Greenberg, David Cohen, and Joey Byrne, acquired the property from the Tretter Family. The deal was closed at a total price of $3,600,000, translating to a per square foot price of $562. This transaction marks a successful investment for Z+G Property Group in the Fort Greene market.

Players

Jay Greenberg

Z+G Property Group

Buyer

$76M

vol

7 deals

Buyer
Z+G Property Group
Z+G Property GroupBuyer

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93