Joseph Althkefati Acquires Retail Property In Midwood For $14.4M
SOLD
$14,375,000
+ 1
New York
See Similar DealsRetail37,738 SF
Sold 11/01/2021
SOLD
Joseph Althkefati Acquires Retail Property In Midwood For $14.4M
945 Kings Highway
See Similar DealsRetail37,738 SF
Sold 11/01/2021
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$380
Total Square Footage:37,738 SF
Transaction Type:Sale
The property involved in this transaction is a retail space located at 945 Kings Highway in the Midwood market. The sale occurred on November 1, 2021, and the asset spans a total of 37,738 square feet. The property was sold for a price of $14,375,000, resulting in a price per square foot of $380.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,375,000
- Address: 945 Kings Highway
- Market: Midwood
Joseph Althkefati acted as the buyer in this transaction, while Bruce Kirschner was the seller. Josh Augenbaum from Augenbaum Realty Corp represented the buyer, and Nick Zweig from Location Commercial Real Estate and Jack Beyda from Eastern Union represented the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$766,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,071.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,144.83
Annual Debt Service$817,738.01
Is there something missing? Send suggestions