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
New York 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93