Chezki Menashe Acquires Mixed-Use Property On 916 Brooklyn Avenue, NYC For $5.15M
916 Brooklyn Avenue
$5,150,000
$154/SF
Building Size
33,426 SF
Asset Type
Mixed-use
Closing
Apr 24, 2023
About this deal
AI
The mixed-use property located at 916 Brooklyn Avenue in New York City has been sold in a closed transaction. The property spans an impressive 33,426 square feet and was sold for a price of $5,150,000, resulting in a price per square foot of $154. The sale took place on April 24, 2023.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,150,000
- Square Footage: 33,426
- Price per Square Foot: $154
- Address: 916 Brooklyn Avenue, New York City
- Market: New York City
Chezki Menashe has acquired the property from the sellers, Russell Evelyn and Steve Tiamfook. The deal was facilitated by Matthew Peters of Marcus & Millichap, who represented the buyer in the transaction.
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93