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455 Dumont

The Daniel Group Acquires Retail Property In Brownsville, Brooklyn For $2.9M
SOLDRetail

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

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

Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

Daniel Cohen

The Daniel Group

Buyer

$36.7M

vol

10 deals

Buyer

Karen Snyder

Seller

$5.8M

vol

2 deals

Seller

Santa Rosa 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

5.44%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93