Ampiera Group Acquires Taxpayer Portfolio In Brooklyn For $11.8M
2362 86th Street, Brooklyn, NY, USA
$11,800,000
$438/SF
Building Size
26,930 SF
Asset Type
Retail
Closing
Feb 8, 2018
AI
The Zamore Family has sold their taxpayer portfolio in Brooklyn, New York. The portfolio includes properties located at 2362 86th Street, 383 Avenue X, and 3678 Nostrand Avenue. The properties have a total square footage of 26,930 sf, with individual sizes of 12,130 sf, 6,400 sf, and 8,400 sf respectively. The sale price for the portfolio was $11,800,000.
Summary of transaction details
- Property Type: Taxpayer portfolio
- Transaction Amount: $11,800,000
- Address: 2362 86th Street, 383 Avenue X, 3678 Nostrand Avenue
- City: New York
- Market: Brooklyn
- Seller: Zamore Family
- Buyer: Ampiera Group - Alex Lau
- Broker: Silber Investment Properties - Michael J. Marino & Amanda Gordon
The Zamore Family has owned these properties for over 50 years, and the Ampiera Group, represented by Alex Lau, has acquired them. The Ampiera Group plans to hold onto the properties for the long term. This transaction marks a significant change in ownership for the Zamore Family's taxpayer portfolio in Brooklyn.
Players
New York 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93