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3696 Nostrand Avenue

Joe Jemal Sells Retail Property At 3696 Nostrand Avenue Brooklyn For $3.6M With Broker Denis Abayev
SOLDRetail

Joe Jemal Sells Retail Property At 3696 Nostrand Avenue Brooklyn For $3.6M With Broker Denis Abayev

3696 Nostrand Avenue

$3,600,000

$306/SF

Building Size

11,731 SF

Asset Type

Retail

Closing

Apr 26, 2026

AI

The property asset involved in this transaction is a retail space located at 3696 Nostrand Avenue in Brooklyn. The sale was completed at a price of $3,600,000, encompassing a total square footage of 11,731, which equates to a price per square foot of $306.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Address: 3696 Nostrand Avenue
  • Market: Brooklyn
  • Square Footage: 11,731
  • Price per Square Foot: $306
  • Seller: Joe Jemal
  • Broker: Denis Abayev - Commercial Acquisitions

Denis Abayev, representing Commercial Acquisitions, facilitated the transaction on behalf of the seller, Joe Jemal. Additionally, there are leasing opportunities available in the building, with 1,000-5,000 square feet of retail space offered for lease, considering all uses.

Players

Denis Abayev

Commercial Acquisitions

Broker

$33.9M

vol

22 deals

Broker

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93