Alex Kaye Acquires Office Property From Leonid Gelfand In Brooklyn With Brokers Jack Sardar And Alex Svetlakou
2922 Shell Road
Building Size
1,700 SF
Asset Type
Industrial
Closing
Apr 2, 2025
AI
The asset involved in this transaction is an office property located at 2922 Shell Road in Brooklyn. Details regarding its characteristics such as square footage and specific market value have not been provided.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Alex Kaye
- Seller: Leonid Gelfand
- Buyer's Representative: Jack Sardar - Tri State Commercial Realty
- Seller's Representative: Alex Svetlakou - Ripco
This transaction involved key representatives for both the buyer and seller, with Jack Sardar representing Alex Kaye and Alex Svetlakou representing Leonid Gelfand. The transaction occurred on 04/02/2025.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.00%
Cash-on-Cash
-5.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93