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Jack Li Acquires Retail Condo From Quadrum Global In Brooklyn For $4.5M

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SOLD
$4,500,000

New York

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Retail5,111 SF
Sold 11/25/2025
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Property Image
SOLD

Jack Li Acquires Retail Condo From Quadrum Global In Brooklyn For $4.5M

29 Huron Street

See Similar Deals
Retail5,111 SF
Sold 11/25/2025
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$880
Total Square Footage:5,111 SF
Transaction Type:Sale

The transaction involved the sale of a retail condo located at 29 Huron Street in Brooklyn, characterized by a sale price of $4,500,000 and encompassing a total area of 5,111 square feet. The property is positioned within The Huron, a new mixed-use condo building in Greenpoint, reflecting activity in the local retail market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,500,000
  • Square Footage: 5,111 SF
  • Price Per Square Foot: $880
  • Buyer: Jack Li
  • Seller: Quadrum Global
  • Brokers: Ryan Schimel, Andrew Schulman & Jason Richter - Capricorn Retail Advisors
  • Date of Transaction: 11/25/2025
  • Available Retail Space for Lease: Approximately 2,600 SF (divisible)

Ryan Schimel, Andrew Schulman, and Jason Richter successfully represented both the buyer and seller in this transaction, highlighting their role in facilitating the sale. Capricorn Retail Advisors is noted for its bespoke brokerage firm approach, utilizing a data-driven methodology in retail placemaking, management, and growth.

Players

Ryan Schimel
7 deals$4.5M volume(818) 516-3472
BROKER

Jason Richter
3 deals$4.5M volume
BROKER

Andrew Schulman
5 deals$4.5M volume
BROKER

Capricorn Retail Advisors
BROKERAGE

Details

SOLD
IMAGE: Ryan Schimel, Andrew Schulman & Jason Richter DATE: 11/25/2025 ADDRESS: 29 Huron Street MARKET: Brooklyn ASSET TYPE: Retail BUYER: Jack Li SELLER: Quadrum Global BROKERS: Ryan Schimel (@RmSchimel), Andrew Schulman (@ASchulman94) & Jason Richter (@Baerichter) - Capricorn Retail Advisors (@CapricornRetail) SALE PRICE: $4,500,000 SF: 5,111 ~ PPSF: $880 NOTE FROM BROKER: Ryan, Andrew and Jason are thrilled to have represented both the buyer and seller in sale of the 5,111 SF retail condo, part of The Huron, Greenpoint's newest premier Mixed-use Condo Building. Capricorn is a bespoke brokerage firm with a data-driven approach to retail placemaking, management and growth. Please be in touch about the available retail space for Lease as there is still about 2,600 SF (divisible) available.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55