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
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