Nassimi Realty Acquires Retail Property In Brooklyn For $6M
427 Knickerbocker Ave, Brooklyn, NY 11237, USA
Building Size
4,470 SF
Asset Type
Retail
Closing
May 1, 2017
About this deal
AI
The retail property located at 427-431 Knickerbocker Avenue in Brooklyn was sold in a closed transaction in May 2017. The property was purchased for a total of $6,000,000. The seller of the property was Nancy Gingiss, while the buyer was Nassimi Realty. The transaction was facilitated by brokers from @ISHABOT and KASSIN_SABBAGH_REALTY.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Seller: Nancy Gingiss
- Buyer: Nassimi Realty
- Brokers: @ISHABOT - @KASSIN_SABBAGH_REALTY
This deal involved the sale of a retail property in Brooklyn. The property is located at 427-431 Knickerbocker Avenue and was sold for a total of $6,000,000. Nancy Gingiss acted as the seller, while Nassimi Realty acquired the property. Brokers from @ISHABOT and KASSIN_SABBAGH_REALTY represented the parties involved in the transaction.
On the Map
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93