Gary Hackerman Of Rockpark Group Acquires Retail Center In Brooklyn For $9.01M
5501 Ritchie Highway
$9,010,000
Building Size
—
Asset Type
Retail
Closing
Apr 4, 2024
About this deal
AI
Arundel Village Plaza, a retail center located at 5501 Ritchie Highway in Brooklyn, Maryland, was recently sold for $9,010,000. The sale was facilitated by Trout Daniel & Associates, with Gil Neuman & Gilbert Trout representing the Rockpark Group in the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,010,000
- Buyer: Gary Hackerman - Rockpark Group
- Brokers: Gil Neuman & Gilbert Trout - Trout Daniel & Associates
Talroy Holdings, LLC successfully acquired Arundel Village Plaza in Brooklyn, MD, partnering with Rockpark Group for the purchase. The collaboration between the buyer and seller, along with the expertise of the brokerage team at Trout Daniel & Associates, led to the completion of this notable retail property transaction.
On the Map
$9,010,000
Retail
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93