Hershy Silberstein Acquires Mixed-Use Building At 731 Meeker Avenue In Greenpoint For $3M
731 Meeker Avenue
$3,000,000
$181/SF
Building Size
16,529 SF
Asset Type
Mixed-use
Closing
Feb 26, 2026
AI
The mixed-use building at 731 Meeker Avenue, located in the Greenpoint neighborhood of Brooklyn, was sold for $3 million. This six-unit asset encompasses 16,529 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 731 Meeker Avenue
- Market: Greenpoint, Brooklyn
- Square Footage: 16,529
- Price Per Square Foot: $181
- Buyer: Hershy Silberstein
Hershy Silberstein executed the purchase through 729 Meeker LLC, acquiring the property in a bankruptcy sale linked to Mendel Gold's Chapter 11 case in the Eastern District of New York.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93