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799 Manhattan Avenue

Peak Capital Advisors Acquires Mixed-Use Asset On Manhattan Avenue In Greenpoint, Brooklyn For $3.7M
SOLDMixed-use

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

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).

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker
David Gomez

David Gomez

Peak Capital Advisors

Buyer

$402.3M

vol

71 deals

Buyer

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