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3202 Emmons Avenue, Brookly...

Updated Dec 19, 2023

Rafael Abramov Acquires Retail Property On Emmons Avenue In Sheepshead Bay, Brooklyn
SOLDRetail

Rafael Abramov Acquires Retail Property On Emmons Avenue In Sheepshead Bay, Brooklyn

3202 Emmons Avenue, Brooklyn, New York 11235, United States

$3,700,000

$534/SF

Building Size

6,917 SF

Asset Type

Retail

Closing

Dec 28, 2021

About this deal

AI

The retail property located at 3202 Emmons Avenue in Sheepshead Bay, Brooklyn has been sold for a price of $3,700,000. The property has a building square footage (BSF) of 9,825, with a price per BSF (PPBSF) of $376. The total square footage (SF) of the property is 6,917, with a price per SF (PPSF) of $534. The property has a floor area ratio (FAR) of 0.88 and falls under tax class 4. The lot size is 7,860 square feet, with dimensions of 51 ft x 161.67 ft. The previous sale of the property took place on 09/25/2015, with a sale price of $3,300,000. An alteration permit was issued for the property on 06/28/2018. The zoning for the property is R5, C2-2, SB.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Buyer: Rafael Abramov
  • Seller: Jack Aini
  • BSF: 9,825
  • PPBSF: $376
  • SF: 6,917
  • PPSF: $534
  • FAR: 0.88
  • Tax Class: 4
  • Lot Size: 7,860
  • Last Sale Price: $3,300,000 (09/25/2015)
  • Permits: Alteration 2 (06/28/2018)
  • Lot Dimension: 51 ft x 161.67 ft

Rafael Abramov has purchased the property located at 3202 Emmons Avenue in Sheepshead Bay, Brooklyn from Jack Aini. The deal was closed on 12/29/2021. Abramov was represented by 's REP, while Aini was represented by 's REP. This transaction showcases the involvement and collaboration of various individuals and companies in the real estate market of Sheepshead Bay.

Players

Jack Aini

Seller

$41.7M

vol

3 deals

Seller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $534 per square foot on a published $3.7M for 6,917 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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