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
About this deal
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.
On the Map
$4,600,000
$650/SF
Retail
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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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93