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4212 Church Avenue, Brookly...

Updated Dec 21, 2023

Andrea Campbell Pitter Acquires Retail Property In Prospect Lefferts Gardens For $3.45M
SOLDRetail

Andrea Campbell Pitter Acquires Retail Property In Prospect Lefferts Gardens For $3.45M

4212 Church Avenue, Brooklyn, New York 11203, United States

$3,450,000

$306/SF

Building Size

11,244 SF

Asset Type

Retail

Closing

Mar 28, 2022

About this deal

AI

A retail property located at 4212 Church Ave. in Prospect Lefferts Gardens was recently sold in a closed transaction. The sale took place on 03/29/2022 for a total price of $3,450,000. The property spans an area of 11,244 square feet, resulting in a price per square foot of $306.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,450,000
  • Address: 4212 Church Ave.
  • Market: Prospect Lefferts Gardens

Andrea Campbell Pitter purchased the property from Moshe Mintz. Frederick Betesh from Tri State Commercial Realty represented the buyer, while Chandler Slate, also from Tri State Commercial Realty, represented the seller.

Note from the broker: Tri-State Commercial Realty has expanded its services to include a commercial sales division. With their extensive knowledge, training, technology, and relationships, they provide a unique perspective and strategy to their clients, always ensuring transparency and professionalism.

If you are interested in buying, selling, or leasing commercial property, you can contact Frederick Betesh at 646-828-8928 or [email protected], or reach out to Chandler Slate at 917-618-3707 or [email protected].

Players

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $306 per square foot on a published $3.5M for 11,244 square feet (2022).

Visit Frederick Betesh to view all their deals.

Browse New York retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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