Regal Ventures Acquires Retail Property At 112 Atlantic Avenue In Cobble Hill, Brooklyn For $8.9M
112 Atlantic Avenue
$8,925,000
$1,149/SF
Building Size
7,765 SF
Asset Type
Retail
Closing
Nov 29, 2022
AI
Located at 112 Atlantic Avenue in Cobble Hill, Brooklyn, this retail property was recently sold in a closed transaction. The property spans 7,765 square feet, with a sale price of $8,925,000, resulting in a price per square foot of $1,149.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $8,925,000
In this deal, the buyer, Regal Ventures, was represented by Alex Smith and Sean Dainese. On the other hand, the seller, OTL Enterprises, was represented by Angelo Cosentini and Jeff Harmatz. The broker involved in the transaction was Matthew Marshall of Marshall Real Estate, LLC.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93