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441 Rockaway Ave, Brooklyn,...

Crown Acquisitions Sells Retail Property In Brooklyn For $7.65M
SOLDRetail

Crown Acquisitions Sells Retail Property In Brooklyn For $7.65M

441 Rockaway Ave, Brooklyn, NY 11212, USA

Building Size

7,500 SF

Asset Type

Retail

Closing

Nov 28, 2017

AI

The retail property located at 441 Rockaway Avenue in Brooklyn, New York was recently sold in a closed transaction. The property was purchased by an undisclosed buyer for a total price of $7,650,000. The property encompasses a total area of 7,500 square feet, resulting in a price per square foot of $1,020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,650,000
  • Address: 441 Rockaway Avenue, Brooklyn, New York
  • Market: Brooklyn

The seller of the property was Crown Acquisitions, while the buyer's identity remains undisclosed. The deal was facilitated by Eastern Consolidated, with Ilya Gamer and Alexandra Rossland serving as the buyer's representatives.

Players

Alexandra Rossland

Westbridge Realty Group

Broker

$122.8M

vol

9 deals

Broker
Crown Acquisitions
Crown AcquisitionsSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93