A.J. Bontempo, Sergio Riva & Mario Riva Buy Retail Asset In Brooklyn For $8.575M
76 Ainslie Street
$8,575,000
$942/SF
Building Size
9,100 SF
Asset Type
Retail
Closing
May 3, 2026
AI
The retail asset located at 76 Ainslie Street in Brooklyn was sold for $8,575,000. The property offers a total of 9,100 square feet, resulting in a price per square foot of $942.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,575,000
- Address: 76 Ainslie Street
- Market: Brooklyn
- Buyer: A.J. Bontempo, Sergio Riva & Mario Riva - Ainslie Restaurant Group
- Seller: Pilot Real Estate Group & Horrigan Development
- Brokers: Thomas Horrigan, Daniel Lebor & Dan Marks - Terra CRG
- Square Footage: 9,100
- Price Per Square Foot: $942
The deal involved A.J. Bontempo, Sergio Riva, and Mario Riva representing the Ainslie Restaurant Group as buyers. The selling parties were Pilot Real Estate Group and Horrigan Development. The transaction was facilitated by brokers Thomas Horrigan, Daniel Lebor, and Dan Marks from Terra CRG.
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
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93