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Jasvir Singh Purchases 18,820 Square Foot Commercial Building In Brooklyn For $3.6M From Corey Kandel

Property Image
SOLD
$3,600,000

New York

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Commercial18,820 SF
Sold 05/20/2026
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Property Image
SOLD

Jasvir Singh Purchases 18,820 Square Foot Commercial Building In Brooklyn For $3.6M From Corey Kandel

1003 Liberty Avenue

See Similar Deals
Commercial18,820 SF
Sold 05/20/2026

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$191
Total Square Footage:18,820 SF
Transaction Type:Sale

A commercial building located at 1003 Liberty Avenue in Brooklyn has been sold. The property spans 18,820 square feet and was sold for $3,600,000, resulting in a price per square foot of $191. This transaction highlights a notable acquisition within the industrial and retail sectors of the borough.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $3,600,000
  • Address: 1003 Liberty Avenue
  • Market: Brooklyn
  • Square Footage: 18,820
  • Price per Square Foot: $191
  • Buyer: Jasvir Singh
  • Seller: Corey Kandel
  • Sale Date: 05/20/2026

Jasvir Singh completed the acquisition of the commercial property from Corey Kandel, representing a significant transaction in the local real estate market. This sale reflects trends in property investments within Brooklyn's industrial landscape.

Details

SOLD
IMAGE: 05/20/2026 ADDRESS: 1003 Liberty Avenue MARKET: Brooklyn ASSET TYPE: Commercial BUYER: Jasvir Singh SELLER: Corey Kandel SALE PRICE: $3,600,000 SF: 18,820 - PPSF: $191 NOTE: Jasvir Singh purchased an 18,820-square-foot commercial building at 1003 Liberty Avenue in Brooklyn from Corey Kandel for $3,600,000 on May 20, 2026. The asset traded at $191 per square foot, marking a substantial mid-market commercial acquisition within the borough's industrial and retail landscape.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04