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112 Atlantic Avenue

Regal Ventures Acquires Retail Property At 112 Atlantic Avenue In Cobble Hill, Brooklyn For $8.9M
SOLDRetail

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

Alex Smith

Regal Ventures

Broker

$108.3M

vol

8 deals

Broker

Sean Dainese

Buyer

$45.9M

vol

3 deals

Buyer

Angelo Cosentini

OTL Enterprises

Seller

$16.3M

vol

3 deals

Seller

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