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32 4th Avenue

Jack Waldman Purchases Retail Property At 32 4th Avenue Brooklyn For $6M With Elli Khafizov As Buyer's Rep
SOLDRetail

Jack Waldman Purchases Retail Property At 32 4th Avenue Brooklyn For $6M With Elli Khafizov As Buyer's Rep

32 4th Avenue

$6,000,000

$833/SF

Building Size

7,200 SF

Asset Type

Retail

Closing

Dec 10, 2025

AI

The property asset involved in this transaction is a retail asset located at 32 4th Avenue, Brooklyn. The sale price of the property was $6,000,000. The total square footage of the property is 7,200, resulting in a price per square foot of $833.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,000,000
  • Address: 32 4th Avenue
  • Market: Brooklyn
  • Square Footage: 7,200
  • Price per Square Foot: $833
  • Buyer: Jack Waldman
  • Seller: Barry Lipsitz - Lipsitz Property Group
  • Buyer's Representative: Elli Khafizov - Atlas Realty Group

The deal involved Barry Lipsitz representing Lipsitz Property Group as the seller, while Elli Khafizov represented the buyer, Jack Waldman, through Atlas Realty Group, highlighting the collaboration between these parties in the successful transaction.

Players

Elli Khafizov

Atlas Realty Group

Broker

$52.4M

vol

11 deals

Broker
LG
Lipsitz Property GroupSeller

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93