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92 3rd Street

Jack Guttman Purchases Mixed-Use Property At 92 3rd Street Brooklyn For $29.5M
SOLDMixed-use

Jack Guttman Purchases Mixed-Use Property At 92 3rd Street Brooklyn For $29.5M

92 3rd Street & 92 3rd Street

$29,500,000

$156/SF

Building Size

188,302 SF

Asset Type

Mixed-use

Closing

Sep 30, 2024

AI

The property asset involved in this transaction is a mixed-use building located at 92 3rd Street in Brooklyn. The sale price was $29,500,000, with a total square footage of 94,151 and a price per square foot of $313.

Summary of transaction details:

The buyer of the property is Jack Guttman, who worked with Fritz Kemerling for representation during the transaction. The seller was represented by Jonathan Kershner and David Badner from Norman Bobrow & Company, reflecting a collaborative approach in the negotiations of this significant deal.

Players

David Badner

Norman Bobrow & Company

Broker

$29.5M

vol

3 deals

Broker

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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93