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

Property Image
SOLD
$6,000,000

New York

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Retail7,200 SF
Sold
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Property Image
SOLD

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

32 4th Avenue

See Similar Deals
Retail7,200 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$833
Total Square Footage:7200 SF
Transaction Type:Sale

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
Elli Khafizov
10 deals$38.9M volume(212) 419-8067
BROKER
LG
Lipsitz Property Group
SELLER

Details

SOLD
IMAGE: Barry Lipsitz DATE: 12/11/2025 ADDRESS: 32 4th Avenue MARKET: Brooklyn ASSET TYPE: Retail BUYER: Jack Waldman SELLER: Barry Lipsitz - Lipsitz Property Group (@LipsitzPropertyGroup) BUYER'S REP: Elli Khafizov (@Elli_Khaf) - Atlas Realty Group (@ARG_NYC) SALE PRICE: $6,000,000 SF: 7,200 ~ PPSF: $833

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

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73