facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

373 Knickerbocker Ave, Broo...

Updated Dec 20, 2023

Karthik Gujja & Gopi Punukollu Acquire Mixed-Use Retail In Brooklyn For $8.5M
SOLDMixed-use

Karthik Gujja & Gopi Punukollu Acquire Mixed-Use Retail In Brooklyn For $8.5M

373 Knickerbocker Ave, Brooklyn, NY 11237, USA

Building Size

16,330 SF

Asset Type

Mixed-use

Closing

Jul 16, 2018

About this deal

AI

The mixed-use retail property located at 373-379 Knickerbocker Avenue in Brooklyn, specifically in the Bushwick neighborhood, was recently sold. The transaction was completed on July 17, 2018, involving a closing price of $8,500,000. With a price per square foot (PPSF) of $5198, this property offers a valuable investment opportunity.

Summary of transaction details

  • Property Type: Mixed-Use Retail
  • Transaction Amount: $8,500,000
  • Price per Square Foot (PPSF): $5198
  • Address: 373-379 Knickerbocker Avenue, Brooklyn

Karthik Gujja and Gopi Punukollu were the buyers in this transaction. They acquired the property from Beth and Sue Kneller, the sellers. The deal was represented by @TerraCRG with Matthew Cosentino, Eric Satanovsky, and Fred Bijou acting as the seller's brokers. On the buyer's side, @KWGoldCoast represented Karthik Gujja and Gopi Punukollu.

Players

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Deal FAQ

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets