Visabe Acquires Retail Property At 151 Montague Street Brooklyn Heights For $5.7M
SOLD
$5,700,000
+ 1
New York
See Similar DealsRetail6,375 SF
Sold 06/25/2025
SOLD
Visabe Acquires Retail Property At 151 Montague Street Brooklyn Heights For $5.7M
151 Montague Street
See Similar DealsRetail6,375 SF
Sold 06/25/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$894
Total Square Footage:6,375 SF
Transaction Type:Sale
The retail asset located at 151 Montague Street in the Brooklyn Heights market was sold for $5,700,000. The total square footage of the property is 6,375, which translates to a price per square foot of $894.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 151 Montague Street
- Market: Brooklyn Heights
- Square Footage: 6,375
- Price per Square Foot: $894
- Buyer: Visabe - Salomon Cojab
- Brokers: Caroline Hodes, Daniel O'Brien & Maurice Suede - Newmark
This transaction was facilitated by brokers Caroline Hodes, Daniel O'Brien, and Maurice Suede, representing the seller in this deal. The involvement of Salomon Cojab as a buyer highlights the engagement from key industry players in this retail transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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