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:
- Property Type: Retail
- Transaction Amount: $5,125,000
- Address: 3460 Nostrand Avenue
- Market: Brooklyn
- Square Feet: 26,000
- Price Per Square Foot: $197
- Buyer: Chris Ganim, Mike Ganim & Shlomo Althkefati
- Seller: Abe Heaney
- Buyer's Rep: Josh Augenbaum - Augenbaum Realty
- Seller's Rep: Ron Molcho & Maurice Molcho - Molcho Realty Group
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
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
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93