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441 Rockaway Ave, Brooklyn,...

Crown Acquisitions Sells Brooklyn Property At 441 Rockaway Ave For $7.65M To Private Investor
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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

Isaac Mograby

Broker

$36.2M

vol

6 deals

Broker
Crown Acquisitions
Crown AcquisitionsBrokerage
Crown Acquisitions
Crown AcquisitionsSeller

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