Elliot Chehebar's The Jackson Group Acquires Retail Property In New York City For $4.6M
SOLD
$4,600,000
+ 2
New York
See Similar DealsRetail7,072 SF
Sold 09/06/2023
SOLD
Elliot Chehebar's The Jackson Group Acquires Retail Property In New York City For $4.6M
1417 Avenue U Brooklyn, NY 11229, USA
See Similar DealsRetail7,072 SF
Sold 09/06/2023
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$650
Total Square Footage:7,072 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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