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

Property Image
SOLD
$5,200,000
Garrett Allen
Daniel (Dan) Lebor
+ 2

New York

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Other100,000 SF
Sold 06/06/2019
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Property Image
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 Deals
Other100,000 SF
Sold 06/06/2019
Garrett Allen
Daniel (Dan) Lebor
+ 2
Contact now

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

Adam Tannenbaum
7 deals$64.4M volume(718) 489-8333
BROKER

Daniel (Dan) Lebor
Terra CRG
50 deals$986.7M volume
BROKER

Dan Marks
Terra CRG
48 deals$904.6M volume
BROKER

Peter Matheos
Matheos Realty Group
21 deals$69.2M volume(646) 423-0757
BROKER

Garrett Allen
Terra CRG
2 deals$26M volume
BROKER

BUYER

Details

SOLD
IMAGE: Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, Adam Tannenbaum DATE: 06/06/2019 ADDRESS: 603 Bergen St MARKET: Brooklyn, Prospect Heights SALE PRICE: $5,200,000 SF: 10,000 PPSF: $520 SELLER: Richard Baronio BUYER: Joseph Tawil – Broadway Export BROKERS: Dan Marks, Daniel Lebor, Peter Matheos, Garrett Allen, Adam Tannenbaum

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Deal Type
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