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11 5th Street

Michael Gendin Purchases Mixed-Use Property From The Hershkowitz Family For $4.05M In Brooklyn
SOLDMixed-use

Michael Gendin Purchases Mixed-Use Property From The Hershkowitz Family For $4.05M In Brooklyn

11 5th Street & 13 5th Street

$4,050,000

$150/SF

Building Size

26,914 SF

Asset Type

Mixed-use

Closing

Nov 19, 2024

AI

A mixed-use asset located at 11 5th Street & 13 5th Street in Brooklyn has been sold for $4,050,000. The property encompasses a total square footage of 13,457, translating to a price per square foot of $300.

Summary of transaction details:

The transaction involved key representatives from Alpha Realty, with Lev Mavashev and Eli Yusupov acting as brokers in the deal. Their involvement highlights the professional representation in facilitating this property transaction.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 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

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93