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276 Bedford Avenue

Jacob Levy Acquires Retail Property At 276 Bedford Avenue In Brooklyn For $10M
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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

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.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
JLL
JLLBrokerage

Phillip Miller

Seller

$29.4M

vol

7 deals

Seller

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