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
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