Brennan Potts Of Accelerate Investment Partners Acquires Retail Asset In Canarsie For $3.35M
965 Remsen Avenue
$3,350,000
$1,259/SF
Building Size
2,660 SF
Asset Type
Retail
Closing
Apr 10, 2025
AI
The retail property located at 965 Remsen Avenue in Canarsie, Brooklyn, has been sold for $3,350,000. The asset encompasses a total square footage of 2,660, translating to a price per square foot of $1,259.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,350,000
- Square Footage: 2,660
- Price Per Square Foot: $1,259
- Buyer: Brennan Potts - Accelerate Investment Partners
- Seller: Agostino Vona - Vona Capital Group
- Market: Canarsie, Brooklyn
Brennan Potts represented Accelerate Investment Partners in the acquisition of the property, which was previously owned by Agostino Vona of Vona Capital Group. The buyer has plans for ground-up development on the site.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93