Sharon Elkin Acquires Retail Building In Gravesend, Brooklyn For $4.7M
422-430 Avenue P Brooklyn, New York 11223
$4,700,000
$652/SF
Building Size
7,200 SF
Asset Type
Retail
Closing
May 23, 2023
About this deal
AI
Sharon Elkin has purchased a retail building located at 422-430 Avenue P in Gravesend, Brooklyn. The transaction took place on May 23, 2023, for a total price of $4,700,000. The building has a total square footage of 7,200, with a price per square foot of $653. The total building square footage (BSF) is 24,000, with a price per square foot (PPSF) of $196.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,700,000
- Address: 422-430 Avenue P, Gravesend, Brooklyn
- Market: Gravesend, Brooklyn
- SF: 7,200
- PPSF: $653
- BSF: 24,000
- Seller: Nellie Bongiovanni
- Buyer: Sharon Elkin
Sharon Elkin purchased the retail building from Nellie Bongiovanni, with the transaction represented by Bellasca Realty Corp.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93