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
About this deal
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.
On the Map
$33,500,000
$5,403/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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93