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Regal Acquisitions And The Jackson Group Acquire Retail Condo And Garage On Kent Avenue In Williamsburg For $11.7M

Property Image
SOLD
$11,700,000

New York

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Mixed-use71,000 SF
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Regal Acquisitions And The Jackson Group Acquire Retail Condo And Garage On Kent Avenue In Williamsburg For $11.7M

184 Kent Avenue, Williamsburg, Brooklyn, NY, USA

See Similar Deals
Mixed-use71,000 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$164
Total Square Footage:71000 SF
Transaction Type:Sale

A retail condo and garage located at 184 Kent Avenue in Williamsburg, Brooklyn has been sold for $11,700,000. The property consists of 16,000 square feet of retail space and a 55,000 square foot garage.

Summary of transaction details

  • Property Type: Retail Condo & Garage
  • Transaction Amount: $11,700,000
  • Address: 184 Kent Avenue
  • Market: Williamsburg, Brooklyn

The buyer of the property is Regal Acquisitions, represented by Alex Smith, and The Jackson Group, represented by Elliot Chehebar. On the other hand, the seller is Rockpoint Group, represented by Keith Gelb, and The Kushner Companies, represented by Laurent Morali.

The deal was facilitated by Matthew Marshall from Marshall Real Estate LLC.

Players

Matthew Marshall
Marshall Real Estate
Matthew Marshall
24 deals$138.9M volume
BROKER

Details

SOLD
IMAGE: Elliot Chehebar, Matthew Marshall, Laurent Morali & Alexander Smith DATE: 04/22/2021 ADDRESS: 184 Kent Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Retail Condo & Garage BUYER: Regal Acquisitions - Alex Smith; The Jackson Group - Elliot Chehebar SELLER: Rockpoint Group - Keith Gelb & @TheKushnerCompanies - Laurent Morali BROKER: Matthew Marshall - Marshall Real Estate LLC @MRENYC SALE PRICE: $11,700,000 RETAIL SF: 16,000 ~ GARAGE SF: 55,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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