Daily limit: 0/10
Chris Kempczinski Of McDonald's Corporation Purchases Retail Building In Cypress Hills For $3.4M
SOLD
$3,400,000
New York
See Similar DealsRetail3,612 SF
Sold
SOLD
Chris Kempczinski Of McDonald's Corporation Purchases Retail Building In Cypress Hills For $3.4M
3143 Atlantic Avenue
See Similar DealsRetail3,612 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$941
Total Square Footage:3612 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
Is there something missing? Send suggestions