The Lipman Family Acquires Mixed-Use Property In Greenpoint, Brooklyn For $2.8M
986 Manhattan Avenue, Brooklyn, NY 11222
$2,800,000
$466/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jan 9, 2019
About this deal
AI
The mixed-use property located at 986 Manhattan Avenue in Greenpoint, Brooklyn, has been sold for a total of $2,800,000. The transaction took place on January 10, 2019. The property spans a total of 6,000 square feet, resulting in a price per square foot of $466.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,800,000
The seller of the property was Ganesh Henry, while the buyer was The Lipman Family. Yoel Sarraf, from the agency Pics By Yoel and VC Pre, represented both parties as the broker in the deal.
New York 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93