Hal Orenstein Acquires Sheepshead Bay Retail Property On Kings Highway
1618 Kings Hwy, Brooklyn, NY 11229, USA
$2,350,000
$564/SF
Building Size
4,160 SF
Asset Type
Retail
Closing
Jul 23, 2019
About this deal
AI
Located at 1618 Kings Highway in Sheepshead Bay, Brooklyn, this retail property was recently sold in a closed transaction. The property spans a total of 4,160 square feet, with a price per square foot of $564, resulting in a sale price of $2,350,000. The transaction took place on July 24, 2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 1618 Kings Highway
- Market: Sheepshead Bay, Brooklyn
- Square Footage: 4,160
The seller of the property was Barry Kahan, while the buyer was Hal Orenstein. Scott Plasky, from an undisclosed brokerage, represented both parties as the broker in this transaction.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Scott Plasky to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93