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435 9th Street, Brooklyn, N...

Elliot Chehebar Acquires Acme Hall Commercial Property In Park Slope, Brooklyn For $11M
SOLDCommercial

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

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker
Elliott J. Chehebar

Elliott J. Chehebar

Jackson Group

Buyer

$228.7M

vol

12 deals

Buyer

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