Michael Weitzman Purchases 833 Manhattan Avenue Retail Property From Elliot Chehebar For $2.5M
SOLD
$2,500,000
New York
See Similar DealsRetail3,700 SF
Sold 09/09/2025
SOLD
Michael Weitzman Purchases 833 Manhattan Avenue Retail Property From Elliot Chehebar For $2.5M
833 Manhattan Avenue
See Similar DealsRetail3,700 SF
Sold 09/09/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$675
Total Square Footage:3,700 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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