SOLDRetail
Unique Care Community Services Acquires Retail Building In East New York Brooklyn For $4M
1118 Pennsylvania Avenue
$4,000,000
$463/SF
Building Size
8,640 SF
Asset Type
Retail
Closing
Jun 18, 2026
AI
Unique Care Community Services acquired a retail building at 1118 Pennsylvania Avenue in East New York, Brooklyn. The sale price for the 8,640-square-foot property was $4,000,000, translating to a price per square foot of $463.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Buyer: Unique Care Community Services
- Seller: Rami Macanian
- Square Footage: 8,640
- Price Per Square Foot: $463
- Sale Date: 06/18/2026
- Market: East New York, Brooklyn
Unique Care Community Services is set to owner-occupy the acquired retail space. Rami Macanian was the seller in this transaction.
Players
Avon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93