Avery Hall Acquires Retail Property In Gowanus For $3.15M From Seller The Sardone Family
305 Nevins Street, Gowanus, Brooklyn, NY, USA
$3,150,000
$625/SF
Building Size
5,040 SF
Asset Type
Retail
Closing
Aug 19, 2021
About this deal
AI
The property involved in this transaction is a retail space located at 305 Nevins Street in Gowanus. The sale took place on August 19, 2021. The property has a total square footage of 5,040, with a price per square foot of $875. The sale price for the property was $3,150,000. The lot dimensions are 30 ft x 80 ft.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,150,000
- Buyer: Avery Hall
- Seller: The Sardone Family
- Brokers: Dan Marks & Daniel Lebor
Avery Hall is the buyer in this transaction, while The Sardone Family is the seller. The deal was facilitated by brokers Dan Marks and Daniel Lebor from erraCRG.
Players
New York 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93