Omar Yafeai Acquires Mixed-Use Property From Geraldine Viggiano In Brooklyn For $1.7M
959 4th Avenue
$1,700,000
$445/SF
Building Size
3,820 SF
Asset Type
Mixed-use
Closing
Dec 17, 2025
AI
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
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93