SOLDRetail
Michael Weitzman Purchases 833 Manhattan Avenue Retail Property From Elliot Chehebar For $2.5M
833 Manhattan Avenue
$2,500,000
$675/SF
Building Size
3,700 SF
Asset Type
Retail
Closing
Sep 8, 2025
AI
The retail property located at 833 Manhattan Avenue in Greenpoint, Brooklyn was sold for $2,500,000. The asset has a total square footage of 3,700, resulting in a price per square foot of $675. The property was delivered vacant and features over 2,000 square feet of ground floor retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Buyer: Michael Weitzman
- Seller: Elliot Chehebar - The Jackson Group
- Brokers: Yoel Rahmani, Hirschy Zaks & Itanel Rahmani - Venture Capital Properties
- Sale Date: 9/9/2025
- Market: Greenpoint, Brooklyn
- Square Footage: 3,700
- Price Per Square Foot: $675
Yoel Rahmani, Hirschy Zaks, and Itanel Rahmani represented the transaction for the seller, facilitating the deal in the retail market. The property was specifically noted for its ground floor retail capabilities, and the brokers encourage interested parties to reach out for similar opportunities. Contact details for the brokers include: Hirschy Zaks at 240-723-5644 and [email protected], and Yoel Rahmani at 516-273-5660 and [email protected].
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93