Dr Marc Rybstein Purchases Retail Property From Kingsdel Real Estate For $1.4M In Brooklyn
447 Fenimore Street
$1,400,000
$466/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 15, 2025
About this deal
AI
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.
On the Map
$1,400,000
$466/SF
Retail
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93