facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

358 Atlantic Avenue

Greg Corbin And Mickey Salzman Of Northgate Real Estate Group Sell Mixed-Use Asset In Brooklyn
SOLDMixed-use

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:

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

Greg Corbin

Northgate Real Estate Group

Broker

$1.2B

vol

84 deals

Broker

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