Josh Goldberg Acquires Mixed-Use Property In Greenpoint, Brooklyn For $6.6M
698 Manhattan Ave, Brooklyn, NY 11222, USA
$6,600,000
$7/SF
Building Size
885,000 SF
Asset Type
Mixed-use
Closing
Nov 21, 2019
About this deal
AI
A mixed-use property located at 698 Manhattan Avenue in the Greenpoint neighborhood of Brooklyn has been sold for a total price of $6,600,000. The property spans 88,500 square feet, translating to a price per square foot of $746. It consists of four units, with an average price per unit of $1,650,000. The transaction involved the following key individuals and companies:
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,600,000
- Square Footage: 88,500
- Price Per Square Foot: $746
- Number of Units: 4
- Price Per Unit: $1,650,000
- Address: 698 Manhattan Avenue
- Market: Greenpoint, Brooklyn
The seller of the property was Andy Wojnarowski, while the buyer was Josh Goldberg. The deal was facilitated by brokers Shaun Riney, Mike Salvatico, and John Barney from Marcus & Millichap.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93