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355 Avenue U

Jackson Group Acquires Mixed-Use Building From Magen Abraham Yeshiva In Gravesend For $3.5M
SOLDMixed-use

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

Jackson Group
Jackson GroupBuyer

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