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
About this deal
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.
On the Map
Retail
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Players
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