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166 Berry Street

Wharton Properties Sells Retail Asset At 166 Berry Street Brooklyn For $33.5 Million
SOLDRetail

Wharton Properties Sells Retail Asset At 166 Berry Street Brooklyn For $33.5 Million

166 Berry Street

$33,500,000

$5,403/SF

Building Size

6,200 SF

Asset Type

Retail

Closing

Mar 16, 2026

AI

The retail asset transacted is located at 166 Berry Street in Brooklyn, with a sale price of $33,500,000. The property encompasses 6,200 square feet, translating to a price per square foot of $5,403.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $33,500,000
  • Address: 166 Berry Street
  • Market: Brooklyn
  • Square Footage: 6,200
  • Price per Square Foot: $5,403
  • Seller: Wharton Properties
  • Broker Representatives: Daniel O'Brien, Maurice Suede, Loren Valla, Caroline Hodes & Henry Hill - Newmark

The transaction involved multiple broker representatives from Newmark, specifically Daniel O'Brien, Maurice Suede, Loren Valla, Caroline Hodes, and Henry Hill, who facilitated the sale for the seller, Wharton Properties.

Players

Maurice Suede

Newmark

Broker

$935.8M

vol

58 deals

Broker
Wharton Properties
Wharton PropertiesSeller

Brooklyn 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

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93