Updated Oct 29, 2024
308 Atlantic Avenue In Brooklyn Sold For $4.8M To 308 Atlantic Avenue LLC
308 Atlantic Ave, Ocean City, NJ 08226, USA
Building Size
—
Asset Type
Retail
Closing
May 1, 2017
About this deal
AI
The retail property located at 308 Atlantic Avenue in Brooklyn was sold in May 2017. The property was purchased for a total price of $4,800,000. The transaction involved the sale of the property from Richlen 308 LLC to 308 Atlantic Avenue LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 308 Atlantic Avenue, Brooklyn
- Market: NYC Boroughs
The buyer, 308 Atlantic Avenue LLC, acquired the retail property from the seller, Richlen 308 LLC. The deal was facilitated by their respective representatives.
Players
Ocean City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93