Alex Kaye Acquires Office Property From Leonid Gelfand In Brooklyn With Brokers Jack Sardar And Alex Svetlakou
SOLD
New York
See Similar DealsIndustrial1,700 SF
Sold 04/02/2025
SOLD
Alex Kaye Acquires Office Property From Leonid Gelfand In Brooklyn With Brokers Jack Sardar And Alex Svetlakou
2922 Shell Road
See Similar DealsIndustrial1,700 SF
Sold 04/02/2025
Summary
NEW YORK
Asset Type:Industrial
Total Square Footage:1,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,966.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,958.33
Annual Debt Service$47,499.91
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