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922 Manhattan Avenue

Kamil Wasilewski Acquires Mixed-Use Building In Greenpoint, Brooklyn For $3.3M
SOLDMixed-use

Kamil Wasilewski Acquires Mixed-Use Building In Greenpoint, Brooklyn For $3.3M

922 Manhattan Avenue

$3,300,000

$880/SF

Building Size

3,750 SF

Asset Type

Mixed-use

Closing

Dec 7, 2023

AI

A three-unit mixed-use building located at 922 Manhattan Avenue in Greenpoint, Brooklyn, was recently sold for $3.3 million. The property spans 3,750 square feet and was acquired at a price of $880 per square foot. The transaction took place on December 7, 2023, with Kamil Wasilewski purchasing the asset from seller Mieczylaw Wysmulek.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,300,000
  • Address: 922 Manhattan Avenue
  • Market: Greenpoint, Brooklyn
  • Buyer: Kamil Wasilewski
  • Seller: Mieczylaw Wysmulek
  • BSF: 4,938
  • Price per BSF: $668
  • Price per Square Foot: $880

The buyer, Kamil Wasilewski, was represented by the entity 922 Manhattan Avenue LLC in the acquisition of the property. This significant transaction highlights the successful deal between the involved parties, showcasing the vibrant real estate market activity in Greenpoint, Brooklyn.

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93