Crown Acquisitions Sells Brooklyn Property At 441 Rockaway Ave For $7.65M To Private Investor
441 Rockaway Ave, Brooklyn, NY, 11212
$7,650,000
$1,020/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property located at 441 Rockaway Ave, Brooklyn, NY, 11212 has been sold for a transaction amount of $7,650,000.00. This asset encompasses a total area of 7,500 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,650,000.00
- Address: 441 Rockaway Ave, Brooklyn, NY, 11212
- Market: Brooklyn
- Seller: Crown Acquisitions
- Buyer: Private Investor
- Seller's Representative: Isaac Mograby
This transaction involved key individuals where Isaac Mograby represented Crown Acquisitions, facilitating the sale to a private investor, thus playing a crucial role in the completion of the deal.
Players
Brooklyn 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
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93