Solomon Frankel Purchases Retail Asset At 22 Graham Avenue Brooklyn For $2.1M With Brokers Shaun Riney & Michael Salvatico
22 Graham Avenue
$2,100,000
$461/SF
Building Size
4,550 SF
Asset Type
Retail
Closing
Aug 31, 2026
About this deal
AI
The retail asset located at 22 Graham Avenue in Brooklyn was sold for $2,100,000. The property spans 4,550 square feet, resulting in a price per square foot of $461. The asset featured a net lease with five years remaining on a flat lease term, yielding a 6.6% cap rate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 22 Graham Avenue
- Market: Brooklyn
- Square Footage: 4,550
- Price Per Square Foot: $461
- Buyer: Solomon Frankel
- Seller: Josh Augenbaum
- Brokers: Shaun Riney & Michael Salvatico - Marcus & Millichap
Shaun Riney and Michael Salvatico represented the transaction as brokers from Marcus & Millichap, highlighting the effective sale of a net-leased asset in the competitive market environment.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93