Elliot Chehebar Acquires Acme Hall Commercial Property In Park Slope, Brooklyn For $11M
435 9th Street, Brooklyn, New York 11215, United States
$11,000,000
$541/SF
Building Size
20,303 SF
Asset Type
Commercial
Closing
Oct 19, 2022
AI
Located at 435 9th Street in Park Slope, Brooklyn, Acme Hall has been sold in a commercial transaction. The property encompasses a total of 20,303 square feet and was purchased for $11,000,000, resulting in a price per square foot of $542. The transaction took place on October 20, 2022.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $11,000,000
- Address: 435 9th Street – Acme Hall
- Market: Park Slope, Brooklyn
Elliot Chehebar, representing The Jackson Group, acted as the buyer in the transaction, while Pronsky Estate served as the seller. The sale was facilitated by the brokerage team at Cushman & Wakefield, including Jonathan Squires, Dan O'Brien, Caroline Hodes, and Josh Neustadter.
Players
New York 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93