Meridian Capital Group Facilitates $5.9M Sale Of Retail Property In Brooklyn
2848 Church Avenue, Brooklyn, Ny 11226
$5,920,000
$704/SF
Building Size
8,400 SF
Asset Type
Retail
Closing
Feb 8, 2023
About this deal
AI
A retail property located at 2848 Church Avenue in Brooklyn has been sold for a price of $5,920,000. The property spans across 8,400 square feet, resulting in a price per square foot of $705.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,920,000
- Address: 2848 Church Avenue, Brooklyn
- Market: Brooklyn
The deal was facilitated by the brokers Amit Doshi, Shallini Mehra, and Ben Klugmann from Meridian Capital Group.
The retail sale at 2848 Church Avenue, Brooklyn, Ny 11226 in Brooklyn, New York sold for $5.9M in 2023. The building is 8,400 square feet, implying about 704 per square foot on the published price. Amit Doshi, Shallini Mehra, Ben Klugmann, Meridian Capital Group appear on the sale alongside Meridian Capital Group. This page is the Brooklyn, New York file for the 2848 Church Avenue, Brooklyn, Ny 11226 retail sold: pricing, party profiles, and other closed retail comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn retail set by closing date to see what else sold near 2848 Church Avenue, Brooklyn, Ny 11226 around 2023. Published consideration for 2848 Church Avenue, Brooklyn, Ny 11226 is $5.9M, dated 2023. Cite this Meridian Capital Group Facilitates $5.9M Sale Of Retail Property In Brooklyn sale when underwriting similar retail product around Brooklyn, New York.
On the Map
$5,920,000
$704/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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93