Isaac Wolfe Acquires Retail Property On 2004-2020 Mcdonald Ave. In Brooklyn For $8.6M
2004 McDonald Avenue, Brooklyn, NY 11223, USA
$8,600,000
$358/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
Nov 24, 2021
About this deal
AI
The retail property located at 2004-2020 McDonald Ave. in Brooklyn has been sold for a price of $8,600,000. The transaction took place on November 24, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,600,000
- Address: 2004-2020 McDonald Ave., Brooklyn
- Market: Brooklyn
- Square Footage: 24,000 sqft
- Price per Square Foot: $358
The buyer of the property was Isaac Wolfe, while Alexander Kostovetsky served as the seller. The transaction was facilitated by Arsen Atbashyan and Zach Mishaan from Commercial Acquisitions, representing both the buyer and the seller.
On the Map
$8,600,000
$358/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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93