Investmates Acquires Retail Property In Brooklyn From Pascal Zaugg For $26 Million
150 Green Street
$26,000,000
$3,714/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Jul 2, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 150 Green Street in Brooklyn. The sale price for this asset was $26,000,000, encompassing a total square footage of 7,000, which equates to a price per square foot of $3,714.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Address: 150 Green Street
- Market: Brooklyn
- Square Footage: 7,000
- Price Per Square Foot: $3,714
- Buyer: Investmates
- Seller: Pascal Zaugg
- Seller's Representative: Daniel Kaplan - CBRE
This transaction will see the property developed into a high-end residential site. The buyer Investmates acquired the asset from seller Pascal Zaugg, with the deal facilitated by Daniel Kaplan from CBRE representing the seller.
On the Map
$26,000,000
$3,714/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93