Isaac Wolfe Acquires Retail Property On 2004-2020 Mcdonald Ave. In Brooklyn For $8.6M
SOLD
$8,600,000
New York
See Similar DealsRetail24,000 SF
Sold 11/24/2021
SOLD
Isaac Wolfe Acquires Retail Property On 2004-2020 Mcdonald Ave. In Brooklyn For $8.6M
2004 McDonald Avenue, Brooklyn, NY 11223, USA
See Similar DealsRetail24,000 SF
Sold 11/24/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$358
Total Square Footage:24,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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