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Jackson Group Acquires Mixed-Use Building From Magen Abraham Yeshiva In Gravesend For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMixed-use11,440 SF
Sold 01/13/2026
SOLD
Jackson Group Acquires Mixed-Use Building From Magen Abraham Yeshiva In Gravesend For $3.5M
355 Avenue U & 357 Avenue U
See Similar DealsMixed-use11,440 SF
Sold 01/13/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$305
Total Square Footage:11,440 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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