SOLDRetail
Muhammed Andha Acquires Retail Property At 830 & 842 Rockaway Avenue For $5.625M
830 Rockaway Avenue & 842 Rockaway Avenue
$5,625,000
$703/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Jul 29, 2026
AI
Muhammed Andha acquired an 8,000-square-foot retail property located at 830 & 842 Rockaway Avenue in Brownsville, Brooklyn, for $5.625 million, translating to $703 per square foot. This transaction was finalized on July 29, 2026, transferring the asset from seller Richard Almonte.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,625,000
- Square Footage: 8,000
- Price per Square Foot: $703
- Buyer: Muhammed Andha
- Seller: Richard Almonte
- Address: 830 & 842 Rockaway Avenue
- Market: Brownsville, Brooklyn
The transaction features the involvement of experienced individuals in the real estate market, with Muhammed Andha as the buyer and Richard Almonte representing the seller in this retail property deal. The successful exchange reflects the ongoing development and real estate activity within the Brownsville area.
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
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93