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603 Bergen St, Brooklyn, NY...

Joseph Tawil Acquires Brooklyn Prospect Heights Property For $5.2M With Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, Adam Tannenbaum
SOLDOther

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

$5,200,000

$52/SF

Building Size

100,000 SF

Asset Type

Other

Closing

Jun 5, 2019

AI

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

Adam Tannenbaum

Terra CRG

Broker

$64.4M

vol

7 deals

Broker
BE
Broadway ExportBuyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93