Guy Peleg Purchases Multifamily Property At 1004-1006 Gates Avenue Brooklyn For $8.5M
SOLD
$8,500,000
+ 2
New York
See Similar DealsMultiFamily19,130 SF
Sold 09/29/2025
SOLD
Guy Peleg Purchases Multifamily Property At 1004-1006 Gates Avenue Brooklyn For $8.5M
1004 Gates Avenue
See Similar DealsMultiFamily19,130 SF
Sold 09/29/2025
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$444
Total Square Footage:19,130 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 1004-1006 Gates Avenue in Brooklyn. The sale was finalized for $8,500,000, encompassing a total square footage of 19,130, resulting in a price per square foot of $444.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Address: 1004-1006 Gates Avenue
- Market: Brooklyn
- Square Footage: 19,130
- Price Per Square Foot: $444
- Buyer: Guy Peleg
- Debt Restructuring Advisor: Shlomo Chopp
- Seller's Rep: Patrick Madigan, Frederick Richter, Joseph Moran & Miles Davis-Bosch - Avison Young
Shlomo Chopp of CASE and Avison Young represented the unnamed seller in the short sale and disposition of the property. For any distressed buying, selling, or advisory opportunities, reach out to Fritz Richter.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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