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715 Manhattan Avenue

Haley Hasho & Justin Conway Of Exodus Capital Broker Mixed-Use Sale At 715 Manhattan Avenue
SOLDMixed-use

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:

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

Brooklyn 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

4.56%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93