Joseph Tawil Acquires Brooklyn Prospect Heights Property For $5.2M With Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, Adam Tannenbaum
SOLD
New York
See Similar DealsOther100,000 SF
Sold 06/06/2019
SOLD
Joseph Tawil Acquires Brooklyn Prospect Heights Property For $5.2M With Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, Adam Tannenbaum
603 Bergen St, Brooklyn, NY 11238, USA
See Similar DealsOther100,000 SF
Sold 06/06/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$52
Total Square Footage:100,000 SF
Transaction Type:Sale
The property located at 603 Bergen St in Brooklyn, Prospect Heights has been sold. The sale price for the property was $5,200,000. The property spans over an area of 10,000 square feet, resulting in a price per square foot of $520.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $5,200,000
- Address: 603 Bergen St, Brooklyn, Prospect Heights
- Market: Brooklyn, Prospect Heights
The seller of the property was Richard Baronio, while the buyer was Joseph Tawil from Broadway Export. The transaction was facilitated by the following brokers: Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, and Adam Tannenbaum.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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