Dr Marc Rybstein Purchases Retail Property From Kingsdel Real Estate For $1.4M In Brooklyn
SOLD
$1,400,000
New York
See Similar DealsRetail3,000 SF
Sold 12/16/2025
SOLD
Dr Marc Rybstein Purchases Retail Property From Kingsdel Real Estate For $1.4M In Brooklyn
447 Fenimore Street
See Similar DealsRetail3,000 SF
Sold 12/16/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$466
Total Square Footage:3,000 SF
Transaction Type:Sale
The retail asset located at 447 Fenimore Street in Brooklyn was sold for $1,400,000. The property encompasses a total square footage of 3,000, resulting in a price per square foot of $466.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Buyer: Dr Marc Rybstein
- Seller: Kingsdel Real Estate
- Brokers: Eddie Mamiye, Isaac Bijou & Meyer Dagmy - MOD
Dr Marc Rybstein has acquired the property from Kingsdel Real Estate, with the transaction facilitated by the brokerage team of Eddie Mamiye, Isaac Bijou, and Meyer Dagmy, representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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