Naftoli Jacobowitz Acquires Retail Property In Brooklyn For $4.4M With Brokers Eric Roth, Dan O'Brien, Tyler Signora, Harry James & Caroline Hodes
70-84 Eckford Street, Brooklyn, NY, USA
$4,400,000
$698/SF
Building Size
6,303 SF
Asset Type
Retail
Closing
Nov 16, 2021
About this deal
AI
The retail property located at 70-84 Eckford Street in Brooklyn has been sold. The transaction took place on November 16, 2021. The property spans a total of 6,303 square feet and has a sale price of $4,400,000. The price per square foot is calculated to be $698. The building's total square footage is 12,802, resulting in a price per buildable square foot of $344.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,400,000
- Address: 70-84 Eckford Street, Brooklyn
- Market: Brooklyn
Naftoli Jacobowitz is the buyer of the property. The deal was facilitated by brokers Eric Roth, Dan O'Brien, Tyler Signora, Harry James, and Caroline Hodes from Cushman & Wakefield.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93