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1417 Avenue U Brooklyn, NY ...

Elliot Chehebar's The Jackson Group Acquires Retail Property In New York City For $4.6M
SOLDRetail

Elliot Chehebar's The Jackson Group Acquires Retail Property In New York City For $4.6M

1417 Avenue U Brooklyn, NY 11229, USA

$4,600,000

$650/SF

Building Size

7,072 SF

Asset Type

Retail

Closing

Sep 6, 2023

AI

The property involved in this transaction is a retail space located at 1417 Avenue U in New York City. It was sold for a price of $4,600,000. The property has a total area of 7,072 square feet, resulting in a price per square foot of $650.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,600,000
  • Address: 1417 Avenue U, New York City
  • Market: New York City

The buyer of the property was Elliot Chehebar, representing The Jackson Group. The seller of the property was the Brauser Family. The seller's representatives in the deal were Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

128 deals

Broker
Elliott J. Chehebar

Elliott J. Chehebar

Jackson Group

Buyer

$228.7M

vol

12 deals

Buyer

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93