Brooklyn Home Company Sells Retail Property At 365-367 Atlantic Avenue For $2.4M
SOLD
$2,400,000
New York
See Similar DealsRetail3,117 SF
Sold
SOLD
Brooklyn Home Company Sells Retail Property At 365-367 Atlantic Avenue For $2.4M
365 367 Atlantic Avenue, Brooklyn, Ny, 11217
See Similar DealsRetail3,117 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$770
Total Square Footage:3117 SF
Transaction Type:Sale
The retail property located at 365-367 Atlantic Avenue in Boerum Hill was sold for a price of $2,400,000. The asset spans an area of 3,117 square feet, equating to a price per square foot of $769.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 365-367 Atlantic Avenue
- Market: Boerum Hill
- Seller: The Brooklyn Home Company
- Broker: Matthew Marshall - Marshall Real Estate
This transaction involved The Brooklyn Home Company as the seller, represented by broker Matthew Marshall from Marshall Real Estate, facilitating the deal on behalf of the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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