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2625 Bedford Avenue

Updated Dec 4, 2024

Judy Swimer & Faigy Fischman Buy Retail Property In Flatbush For $3.99M
SOLDRetail

Judy Swimer & Faigy Fischman Buy Retail Property In Flatbush For $3.99M

2625 Bedford Avenue

$3,990,000

$399/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Jun 7, 2024

About this deal

AI

The retail property located at 2625 Bedford Avenue in the Flatbush market was sold for $3,990,000. The property spans 10,000 square feet, resulting in a price per square foot of $399. The transaction took place on 06/07/2024 with Judy Swimer & Faigy Fischman purchasing the asset from Roundtree Realty. The deal was facilitated by SPR Group LLC.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,990,000
  • Address: 2625 Bedford Avenue
  • Market: Flatbush
  • Buyer: Judy Swimer & Faigy Fischman
  • Seller: Roundtree Realty
  • Broker: SPR Group LLC
  • Square Footage: 10,000
  • Price Per Square Foot: $399

The buyers of the property, Judy Swimer & Faigy Fischman, took ownership of the retail asset, making a significant investment in the Flatbush market. On the other hand, Roundtree Realty, the seller in this transaction, successfully closed the deal through the representation of SPR Group LLC as the broker.

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$3,990,000

$399/SF

Retail

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Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $399 per square foot on a published $4M for 10,000 square feet (2024).

Browse Brooklyn retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.98%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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