Jackson Group Acquires Mixed-Use Building From Magen Abraham Yeshiva In Gravesend For $3.5M
355 Avenue U & 357 Avenue U
$3,500,000
$305/SF
Building Size
11,440 SF
Asset Type
Mixed-use
Closing
Jan 13, 2026
AI
The mixed-use building located at 355 Avenue U & 357 Avenue U in Gravesend, Brooklyn, was sold for $3,500,000. The total square footage of the property is 5,720, resulting in a price per square foot of $612.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- Address: 355 Avenue U & 357 Avenue U
- Market: Gravesend, Brooklyn
- Square Footage: 5,720
- Price per Square Foot: $612
- Buyer: Jackson Group
- Seller: Magen Abraham Yeshiva
Jackson Group, through 355 Avenue U LLC, acquired the property from Magen Abraham Yeshiva, signifying the conclusion of this real estate transaction in Brooklyn.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93