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723 6th Avenue

Updated Aug 25, 2026

Wan Shuen Yuen-Yeung Acquires Mixed-Use Property At 723 6th Avenue From Theresa West For $2.65M
SOLDMixed-use

Wan Shuen Yuen-Yeung Acquires Mixed-Use Property At 723 6th Avenue From Theresa West For $2.65M

723 6th Avenue

$2,650,000

$605/SF

Building Size

4,375 SF

Asset Type

Mixed-use

Closing

Aug 14, 2026

About this deal

AI

The property located at 723 6th Avenue in the Greenwood Heights market of Brooklyn is a mixed-use asset comprising 1 commercial unit, 2 garages, and 3 residential units. The sale price was set at $2,650,000, reflecting a price per unit of $662,500. The total square footage of the property is 4,375, resulting in a price per square foot of $605.

Summary of transaction details:

The transaction was facilitated by a team of brokers from Investment Property Realty Group, consisting of Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring, representing the involved parties in this deal.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

Wan Shuen Yuen-Yeung

Buyer

$2.7M

vol

1 deal

Buyer

Theresa West

Seller

$2.7M

vol

1 deal

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $605 per square foot on a published $2.7M for 4,375 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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