Ashkenazy Acquisition Corp. Secures $26.8M Loan For Brooklyn Shopping Center
3779 Nostrand Avenue, Brooklyn, NY 11235, USA
$26,775,000
$330/SF
Building Size
81,000 SF
Asset Type
Retail
Closing
Dec 26, 2018
About this deal
AI
Ashkenazy Acquisition Corp. has closed on a shopping center in Brooklyn located at 3779-3861 Nostrand Ave. The property spans 81,000 square feet and was purchased with the assistance of a loan from Barclays Bank. The shopping center, under the ownership of Ashkenazy Acquisition Corp., is a valuable asset in the Brooklyn market.
Summary of transaction details
- Property Type: Shopping Center
- Transaction Amount: $26,775,000
- Address: 3779-3861 Nostrand Ave
- Market: Brooklyn
- SF: 81,000
Daniel Fromm of Newmark Knight Frank acted as the broker in this transaction, representing Ashkenazy Acquisition Corp. The loan from Barclays Bank for $26,775,000 has a term of 10 years.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Daniel Fromm to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93