David Yeroshalmi Acquires Canarsie Retail Property From David, Arthur, & Benjamin Koptiev For $3.125M
SOLD
$3,125,000
New York
See Similar DealsRetail9,824 SF
Sold 07/19/2019
SOLD
David Yeroshalmi Acquires Canarsie Retail Property From David, Arthur, & Benjamin Koptiev For $3.125M
9409 Avenue L, Brooklyn, NY 11236, USA
See Similar DealsRetail9,824 SF
Sold 07/19/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$318
Total Square Footage:9,824 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
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