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

Property Image
SOLD
$3,300,000
Ohad Babo
Erik Yankelovich
SF

New York

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Retail8,253 SF
Sold 01/09/2018
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail8,253 SF
Sold 01/09/2018
Ohad Babo
Erik Yankelovich
SF
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$399
Total Square Footage:8,253 SF
Transaction Type:Sale

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
Ohad Babo
20 deals$192.7M volume(212) 837-4529
BROKER
Erik Yankelovich
Atlas Realty Group
Erik Yankelovich
127 deals$1B volume
BROKER
GFI Realty Services
GFI Realty Services
BROKERAGE
SF
Sam Friedman
4 deals$13.9M volume
BUYER
FCA
FCA
SELLER

Details

SOLD
IMAGE: 1322 Cortelyou Rd, Brooklyn, NY, 11226 MARKET: Brooklyn SELLER'S REP: Eric Yankelovich -GFI Realty BUYER's REP: Ohad babo (Kassin Sabbagh Realty) BUYER: Sam Friedman SELLER: FCA PRICE: $3,300,000.00 SF: 8253

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20