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Brighton Properties LLC Acquires Parking Lots From Gregg Reuben Of Centerpark For $15M In Brighton Beach
SOLD
$15,000,000
New York
See Similar DealsParking Lot
Sold 11/12/2025
SOLD
Brighton Properties LLC Acquires Parking Lots From Gregg Reuben Of Centerpark For $15M In Brighton Beach
75 Oceana Drive East & 90 Oceana Drive West
See Similar DealsParking Lot
Sold 11/12/2025
Summary
NEW YORK
Asset Type:Parking Lot
Transaction Type:Sale
The transaction involved two underground garage properties located at 75 Oceana Drive East and 90 Oceana Drive West in Brighton Beach. The properties are classified as parking lots and were sold for a total of $15 million.
Summary of transation details:
- Property Type: Parking Lot
- Transaction Amount: $15,000,000
- Buyer: Brighton Properties LLC
- Seller: Gregg Reuben - Centerpark
- Date of Transaction: 11/12/2025
- Market: Brighton Beach
The transaction saw Brighton Properties LLC acquiring the properties from Gregg Reuben, who is associated with Centerpark. This transaction reflects ongoing interest in property development and real estate investment within the Brighton Beach area.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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