Peak Capital Advisors Acquires Mixed-Use Asset On Manhattan Avenue In Greenpoint, Brooklyn For $3.7M
799 Manhattan Avenue
$3,700,000
$592/SF
Building Size
6,250 SF
Asset Type
Mixed-use
Closing
Mar 17, 2023
About this deal
AI
799 Manhattan Avenue, located in the Greenpoint neighborhood of Brooklyn, has been sold in a recent transaction. This mixed-use property, spanning 6,250 square feet, was purchased for a total sale price of $3,700,000, resulting in a price per square foot of $592.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,700,000
- SF: 6,250
- PPSF: $592
- Market: Greenpoint, Brooklyn
The buying party, Peak Capital Advisors represented by David Gomez and Alex Rabin, acquired the property from Harriet Mont and Paula Beldengreen. The deal was facilitated by a team of brokers including Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Sal Monteverde, and Thomas Ventura from Investment Property Realty Group (IPRG).
On the Map
$3,700,000
$592/SF
Mixed-use
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Players
Market 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93