Updated Oct 23, 2025
Guy Peleg Purchases Multifamily Property At 1004-1006 Gates Avenue Brooklyn For $8.5M
1004 Gates Avenue
$8,500,000
$444/SF
Building Size
19,130 SF
Asset Type
MultiFamily
Closing
Sep 28, 2025
About this deal
AI
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:
- Seller's Rep: Patrick Madigan, Frederick Richter, Joseph Moran & Miles Davis-Bosch - Avison Young
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.
On the Map
$8,500,000
$444/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93