Harrison Mashaal & Stephen Mashaal Of Yale Properties USA Acquire Retail Asset In Brooklyn For $17.5M
321 Starr Street
$17,500,000
$672/SF
Building Size
26,025 SF
Asset Type
Retail
Closing
Sep 21, 2025
About this deal
AI
The property asset involved in the transaction is located at 321 Starr Street in Brooklyn. This retail asset was sold for $17,500,000 and comprises 26,025 square feet, leading to a price per square foot of $672.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,500,000
- Buyer: Harrison Mashaal & Stephen Mashaal – Yale Properties USA
- Seller: Arel Capital
- Brokers: Shaun Riney, Michael (Mike) Salvatico, Scott Plasky & Alexander (Alex) Arustamian - Marcus & Millichap
- Loan Assumed: $12.5M CMBS loan at 7.46% IO for 5 years
Shaun Riney, Michael Salvatico, Scott Plasky, and Alexander Arustamian represented the transaction as brokers from Marcus & Millichap. The buyer is interested in understanding the property’s cap rate and setup. For further inquiries regarding similar on-market inventory, contact details are provided for reaching out.
On the Map
$17,500,000
$672/SF
Retail
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Players
Brooklyn 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93