Greg Corbin And Mickey Salzman Of Northgate Real Estate Group Sell Mixed-Use Asset In Brooklyn
358 Atlantic Avenue
Building Size
6,768 SF
Asset Type
Mixed-use
Closing
Feb 18, 2025
AI
The property involved in this transaction is a mixed-use asset located at 358 Atlantic Avenue in Brooklyn. It encompasses a total square footage of 6,768.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 358 Atlantic Avenue
- Market: Brooklyn
- Brokers: Greg Corbin & Mickey Salzman - Northgate Real Estate Group
Greg Corbin and Mickey Salzman from Northgate Real Estate Group represented the transaction. Northgate Real Estate Group is recognized as a leading Bankruptcy, Foreclosure, and Restructuring Brokerage Firm in NYC and ranks among the top three nationwide.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93