The Lipman Family Acquires Mixed-Use Property In Greenpoint, Brooklyn For $2.8M
SOLD
$2,800,000
New York
See Similar DealsMixed-use6,000 SF
Sold 01/10/2019
SOLD
The Lipman Family Acquires Mixed-Use Property In Greenpoint, Brooklyn For $2.8M
986 Manhattan Avenue, Brooklyn, NY 11222
See Similar DealsMixed-use6,000 SF
Sold 01/10/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$466
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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