SOLDRetail
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
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.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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