Chris Kempczinski Of McDonald's Corporation Purchases Retail Building In Cypress Hills For $3.4M
3143 Atlantic Avenue
$3,400,000
$941/SF
Building Size
3,612 SF
Asset Type
Retail
Closing
Jan 29, 2026
About this deal
AI
A retail building located at 3143 Atlantic Avenue in Cypress Hills, Brooklyn, was sold for $3,400,000. The property has a total square footage of 3,612 and is listed at a price per square foot of $941. The building, previously under a long-term lease since at least 2011, is now owner-occupied following the sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Building Size: 3,612 SF
- Price per Square Foot: $941
- Address: 3143 Atlantic Avenue
- Market: Cypress Hills, Brooklyn
- Buyer: Chris Kempczinski - McDonald's Corporation
Chris Kempczinski represented McDonald’s Corporation in this transaction through McDonald’s USA LLC, marking a significant change in the ownership status of the property from a leased to an owned site.
On the Map
$3,400,000
$941/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93