Haley Hasho & Justin Conway Of Exodus Capital Broker Mixed-Use Sale At 715 Manhattan Avenue
715 Manhattan Avenue
$3,475,000
$695/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
May 14, 2024
AI
The mixed-use property located at 715 Manhattan Avenue in Greenpoint, Brooklyn, was recently sold for $3,475,000. The property spans 5,000 square feet, translating to a price per square foot of $695.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,475,000
- Address: 715 Manhattan Avenue
- Market: Greenpoint, Brooklyn
- Sellers: David Abott
- Brokers: Haley Hasho & Justin Conway - Exodus Capital
Haley Hasho and Justin Conway from Exodus Capital facilitated the transaction as the brokers representing the seller, David Abott. The sale of this mixed-use property signifies a significant deal in the Greenpoint market, showcasing the expertise of the involved parties.
Players
Brooklyn 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
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93