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
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Deal FAQ
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