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3460 Nostrand Avenue

Updated Sep 9, 2026

Bilt advertisement
Chris Ganim, Mike Ganim & Shlomo Althkefati Buy Retail Property In Brooklyn For $5.125M
SOLDRetail

Chris Ganim, Mike Ganim & Shlomo Althkefati Buy Retail Property In Brooklyn For $5.125M

3460 Nostrand Avenue

$5,125,000

$197/SF

Building Size

26,000 SF

Asset Type

Retail

Closing

Sep 1, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 3460 Nostrand Avenue in Brooklyn. The sale price for the property was $5,125,000, and it encompasses a total square footage of 26,000 square feet, resulting in a price per square foot of $197.

Summary of transaction details:

The transaction involved Chris Ganim, Mike Ganim, and Shlomo Althkefati as the buyers, while Abe Heaney was the seller. The representatives for the buyer were Josh Augenbaum from Augenbaum Realty, and for the seller, Ron Molcho and Maurice Molcho represented Molcho Realty Group.

Players

Maurice Molcho

Molcho Realty Group

Broker

$15.2M

vol

8 deals

Broker

Shlomo Althkefati

Buyer

$258.7M

vol

6 deals

Buyer

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $197 per square foot on a published $5.1M for 26,000 square feet (2026).

Visit Ron Molcho to view all their deals.

Browse Brooklyn retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.10%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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