Atlas Realty Group Partners Acquires Retail Property For $18M In Brooklyn
1401-1419 Newkirk Avenue, Brooklyn, New York 11226, United States
$18,000,000
$781/SF
Building Size
23,025 SF
Asset Type
Retail
Closing
Mar 14, 2022
About this deal
AI
Atlas Realty Group Partners LLC represented both the buyer and the seller in the sale of a retail property located at 1401-1419 Newkirk Ave in Brooklyn. The transaction took place on March 15, 2022. The property spans a total of 23,025 square feet and was sold for a price of $18,000,000, resulting in a price per square foot of $781.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,000,000
- Address: 1401-1419 Newkirk Ave
- Market: Brooklyn
- Square Footage: 23,025
The sale of this retail property was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi, who are representatives of Atlas Realty Group Partners LLC. They played key roles in negotiating and finalizing the deal between the buyer and the seller.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93