Mendel Chazanow Of Diamond National Investments Acquires Retail And School Asset In Gravesend For $18.6M
2074 Mcdonald Avenue & 2080 Mcdonald Avenue
$18,600,000
$711/SF
Building Size
26,152 SF
Asset Type
Retail
Closing
Jun 30, 2026
AI
Mendel Chazanow purchased a 26,152-square-foot retail and school asset located at 2074 & 2080 McDonald Avenue in Gravesend, Brooklyn, from Gabriel Chehebar. The transaction closed on June 30, 2026, for a total of $18,600,000, which equates to $711 per square foot.
Summary of transaction details:
- Property Type: Retail & School
- Transaction Amount: $18,600,000
- Square Footage: 26,152
- Price per Square Foot: $711
- Buyer: Mendel Chazanow - Diamond National Investments
- Seller: Gabriel Chehebar - Jackson Group
- Market: Gravesend, Brooklyn
- Transaction Date: June 30, 2026
The deal was facilitated by Menachem Mendel Chazanow and involved the purchase of the asset from Gabriel Chehebar, representing the Jackson Group in this transaction. This acquisition highlights the strategic movements within the retail and educational real estate sectors in Brooklyn.
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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93