The Daniel Group Acquires Retail Property In Brownsville, Brooklyn For $2.9M
455 Dumont
$2,915,000
$295/SF
Building Size
9,864 SF
Asset Type
Retail
Closing
Dec 5, 2022
AI
Located at 455 Dumont in the Brownsville neighborhood of Brooklyn, this retail property has been sold in a recent transaction. The property spans 9,864 square feet and is composed of two tenants. The anchor tenant is Family Dollar, providing a stable source of income for the property. The transaction took place on 12/05/2022 and the sale price was $2,915,000. The price per square foot comes out to be $296.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,915,000
- Address: 455 Dumont, Brownsville, Brooklyn
- Market: Brownsville, Brooklyn
- Buyer: The Daniel Group - Daniel Cohen
- Seller: Karen Snyder
- Brokers: Scott Plasky & Alex Arustamian - Marcus & Millichap
The buyer in this transaction was The Daniel Group, represented by Daniel Cohen. On the other side, the seller was Karen Snyder. The deal was facilitated by the brokers Scott Plasky and Alex Arustamian from Marcus & Millichap. Their expertise in the market helped both parties achieve a successful transaction.
Players
Santa Rosa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.44%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93