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Michael Weitzman Of Double U Realty Purchases Office/Retail Asset In Greenpoint For $6.2M

Property Image
SOLD
$6,200,000
Sal Monteverde
Luke Sproviero
+ 4

New York

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Office12,288 SF
Sold
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Property Image
SOLD

Michael Weitzman Of Double U Realty Purchases Office/Retail Asset In Greenpoint For $6.2M

896 Manhattan Avenue

See Similar Deals
Office12,288 SF
Sold
Sal Monteverde
Luke Sproviero
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$504
Total Square Footage:12288 SF
Transaction Type:Sale

The property asset involved in the transaction is an office/retail space located at 896 Manhattan Avenue, Greenpoint, Brooklyn. The sale transaction concluded at a price of $6,200,000, comprising a total of 9 units. The asset encompasses 12,288 square feet, yielding a price per unit of $688,888 and a price per square foot of $504.

Summary of transaction details:

The deal was represented by a team of brokers from Investment Property Realty Group (IPRG), featuring Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. This representation highlights the collaborative effort involved in facilitating the closing of this transaction.

Players

Corey Haynes
60 deals$220.9M volume(718) 360-1942
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
306 deals$1B volume(718) 360-8802
BROKER

Donal Flaherty
Investment Property Realty Group (IPRG)
97 deals$331.3M volume(718) 360-8823
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
220 deals$809.2M volume
BROKER

Sal Monteverde
Investment Property Realty Group (IPRG)
37 deals$152.5M volume
BROKER

Thomas Ventura
Investment Property Realty Group (IPRG)
38 deals$153.8M volume
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE


10 deals$134.1M volume
BUYER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde DATE: 1/19/2026 ADDRESS: 896 Manhattan Avenue MARKET: Greenpoint, Brooklyn ASSET TYPE: Office/Retail (8 Offices & 1 Bank) BUYER: Michael Weitzman – Double U Realty SELLER: Sean Pasman BROKERS: Derek Bestreich (@DerekBestreich), Luke Sproviero (@LukeSproviero), Donal Flaherty (@DonalFlaherty1), Corey Haynes (@Corey_Haynes), Thomas Ventura (@Tom_Ventura29) & Sal Monteverde (@Monteverde_NYC) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $6,200,000 UNITS: 9 ~ PPU: $688,888 SF: 12,288 ~ PPSF: $504

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

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96