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9409 Avenue L, Brooklyn, NY...

David Yeroshalmi Acquires Canarsie Retail Property From David, Arthur, & Benjamin Koptiev For $3.125M
SOLDRetail

David Yeroshalmi Acquires Canarsie Retail Property From David, Arthur, & Benjamin Koptiev For $3.125M

9409 Avenue L, Brooklyn, NY 11236, USA

$3,125,000

$318/SF

Building Size

9,824 SF

Asset Type

Retail

Closing

Jul 18, 2019

AI

Located at 9409 Avenue L in Canarsie, Brooklyn, this retail property was recently sold in a closed transaction. The property spans 9,824 square feet and was sold at a price of $3,125,000, resulting in a price per square foot of $318.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,125,000
  • Square Footage: 9,824
  • Price per Square Foot: $318
  • Market: Canarsie, Brooklyn

The property was purchased by David Yeroshalmi from the sellers, David, Arthur, & Benjamin Koptiev. The deal was facilitated by Michael Kook from Marcus & Millichap, who had previously sold the property to the sellers in 2016.

Players

Michael Kook

Marcus & Millichap

Broker

$98.7M

vol

13 deals

Broker

David Yeroshalmi

Buyer

$5.6M

vol

3 deals

Buyer

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

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93