Updated Dec 29, 2025
Brighton Properties LLC Acquires Parking Lots From Gregg Reuben Of Centerpark For $15M In Brighton Beach
75 Oceana Drive East & 90 Oceana Drive West
$15,000,000
Building Size
—
Asset Type
Parking Lot
Closing
Nov 12, 2025
About this deal
AI
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.
On the Map
$15,000,000
Parking Lot
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Players
Brooklyn Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93