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:
- Property Type: Mixed-use
- Transaction Amount: $29,500,000
- Address: 92 3rd Street
- Market: Brooklyn
- Square Footage: 94,151
- Price per Square Foot: $313
- Buyer's Representative: Fritz Kemerling -Alvarez & Marsal Property Solutions
- Seller's Representatives: Jonathan Kershner & David Badner - Norman Bobrow & Company
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
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