Jacob Levy Acquires Retail Property At 276 Bedford Avenue In Brooklyn For $10M
276 Bedford Avenue
$10,000,000
$1,841/SF
Building Size
5,431 SF
Asset Type
Retail
Closing
Jun 29, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 276 Bedford Avenue in Brooklyn. The sale price of the property was $10,000,000, encompassing a total square footage of 5,431, which translates to a price per square foot of $1,841.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 276 Bedford Avenue
- Market: Brooklyn
- Square Footage: 5,431
- Price Per Square Foot: $1,841
- Buyer: Jacob Levy
- Seller: Phillip Miller
- Brokers: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL
The deal was facilitated by brokers Ethan Stanton, Brendan Maddigan, and Michael Mazzara, who represented the interests of the parties involved in this transaction. Jacob Levy acquired the property from Phillip Miller, completing the sale on June 30, 2025.
On the Map
$10,000,000
$1,841/SF
Retail
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93