Aziz Tareb Acquires Retail Property In Red Hook For $7.2M
521 Columbia Street, Brooklyn, New York 11231, United States
$7,200,000
$536/SF
Building Size
13,410 SF
Asset Type
Retail
Closing
Apr 10, 2022
AI
The retail property located at 521-527 Columbia Street in Red Hook has been sold in a recent transaction. The property spans 13,410 square feet and was sold for a total price of $7,200,000. This translates to a price per square foot of $537.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 521-527 Columbia Street, Red Hook
- Market: Red Hook
The buyer, Aziz Tareb, acquired the property from the seller, RAP Columbia LLC. Both parties were represented by their respective brokers in the transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93