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1322 Cortelyou Rd, Brooklyn...

Sam Friedman Acquires Property At 1322 Cortelyou Rd Brooklyn For $3.3M With Ohad Babo As Buyer's Rep
SOLDRetail

Sam Friedman Acquires Property At 1322 Cortelyou Rd Brooklyn For $3.3M With Ohad Babo As Buyer's Rep

1322 Cortelyou Rd, Brooklyn, NY, 11226

$3,300,000

$399/SF

Building Size

8,253 SF

Asset Type

Retail

Closing

Jan 9, 2018

AI

The property asset involved in this transaction is located at 1322 Cortelyou Rd, Brooklyn, NY, 11226. This property sold for $3,300,000.00 and has a total square footage of 8,253. The market for this transaction is Brooklyn.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $3,300,000.00
  • Address: 1322 Cortelyou Rd, Brooklyn, NY, 11226
  • Market: Brooklyn
  • Seller: FCA
  • Buyer: Sam Friedman
  • Seller's Representative: Eric Yankelovich - GFI Realty
  • Buyer's Representative: Ohad Babo - Kassin Sabbagh Realty

This transaction involved key individuals including the buyer, Sam Friedman, and the sellers represented by Eric Yankelovich from GFI Realty. The buyers were represented by Ohad Babo from Kassin Sabbagh Realty, highlighting the collaboration between multiple brokerage firms in facilitating this sale.

Players

Ohad Babo

Kassin Sabbagh Realty

Broker

$192.7M

vol

20 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage

Sam Friedman

Buyer

$13.9M

vol

4 deals

Buyer
FCA
FCASeller

Brooklyn 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93