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Omar Yafeai Acquires Mixed-Use Property From Geraldine Viggiano In Brooklyn For $1.7M

Property Image
SOLD
$1,700,000

New York

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Mixed-use3,820 SF
Sold 12/18/2025
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Property Image
SOLD

Omar Yafeai Acquires Mixed-Use Property From Geraldine Viggiano In Brooklyn For $1.7M

959 4th Avenue

See Similar Deals
Mixed-use3,820 SF
Sold 12/18/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$445
Total Square Footage:3,820 SF
Transaction Type:Sale

A mixed-use asset located at 959 4th Avenue in Brooklyn consists of 1 commercial unit and 2 residential units. The property was sold for $1,700,000, covering a total square footage of 3,820. The price per unit is $566,667 and the price per square foot stands at $445.

Summary of transaction details:

  • Property Type: Mixed-use (1 Commercial & 2 Residential)
  • Transaction Amount: $1,700,000
  • Buyer: Omar Yafeai
  • Seller: Geraldine Viggiano
  • Broker Representatives: Matthew Cosentino, Daniel Chung & Remi Norris - Terra CRG
  • Units: 3
  • Square Footage: 3,820
  • Price per Unit: $566,667
  • Price per Square Foot: $445

The transaction was facilitated by a team of brokers from Terra CRG, including Matthew Cosentino, Daniel Chung, and Remi Norris. Their involvement was instrumental in aligning the buyer, Omar Yafeai, with the seller, Geraldine Viggiano.

Players

Matthew (Matt) Cosentino
81 deals$319M volume
BROKER

Remi Norris
Terra CRG
45 deals$138.4M volume(646) 427-2290
BROKER

Daniel Chung
Terra CRG
1 deal$2.2M volume(718) 395-1877
BROKER

Terra CRG
BROKERAGE

Details

SOLD
IMAGE: Remi Norris, Matthew Cosentino & Daniel Chung DATE: 12/18/2025 ADDRESS: 959 4th Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use (1 Commercial & 2 Residential) BUYER: Omar Yafeai SELLER: Geraldine Viggiano BROKERS: Matthew Cosentino, Daniel Chung & Remi Norris (@RemiCRE) - Terra CRG (@TerraCRG) SALE PRICE: $1,700,000 UNITS: 3 ~ PPU: $566,667 SF: 3,820 ~ PPSF: $445

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41