Updated Oct 2, 2026
Louis Gioia Sells Retail Building At 139 Nassau Avenue Brooklyn For $2,163,000 Through Brokers Anand Melwani & Tudor Bodrug
139 Nassau Avenue
$2,163,000
$865/SF
Building Size
2,500 SF
Asset Type
Commercial
Closing
Sep 4, 2026
About this deal
AI
139 Nassau Avenue is a commercial retail building located in Brooklyn. The asset has a total square footage of 2,500 and has been fully leased, generating cash flow. The sale price was $2,163,000, translating to a price per square foot of $865. The property features 5,000 BSF and was transacted at a 4.8% cap rate.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,163,000
- Address: 139 Nassau Avenue
- Market: Brooklyn
- Square Footage: 2,500
- Price per Square Foot: $865
- Seller: Louis Gioia
- Broker Representatives: Anand Melwani & Tudor Bodrug - Landair Advisors
Anand Melwani and Tudor Bodrug represented the seller, Louis Gioia, in this transaction, highlighting their role in facilitating the sale of this property with significant future redevelopment potential.
On the Map
$2,163,000
$865/SF
Commercial
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Players
Brooklyn Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.33%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93