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:
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Units: 4
- Price Per Unit: $662,500
- Square Footage: 4,375
- Price Per Square Foot: $605
- Buyer: Wan Shuen Yuen-Yeung
- Seller: Theresa West
- Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - Investment Property Realty Group
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
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93