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698 Manhattan Ave, Brooklyn...

Josh Goldberg Acquires Mixed-Use Property In Greenpoint, Brooklyn For $6.6M
SOLDMixed-use

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

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

John Barney

Weber Frank Real Estate

Broker

$109.5M

vol

21 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Josh Goldberg

Buyer

$6.6M

vol

6 deals

Buyer

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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93