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4601 Avenue N

Updated Nov 9, 2026

The Zirk Family Purchases Retail Property From The Smith Family For $3,550,000 In Brooklyn
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The Zirk Family Purchases Retail Property From The Smith Family For $3,550,000 In Brooklyn

4601 Avenue N

$3,550,000

$325/SF

Building Size

10,900 SF

Asset Type

Retail

Closing

Sep 30, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 4601 Avenue N in Brooklyn. The transaction was completed at a sale price of $3,550,000, encompassing 10,900 square feet, resulting in a price per square foot of $325.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,550,000
  • Square Feet: 10,900
  • Price Per Square Foot: $325
  • Buyer: The Zirk Family
  • Seller: The Smith Family
  • Buyer's Representative: Peter Matheos - Matheos Realty Group
  • Seller's Representative: Adan Elias Kornfeld - Shiloh Equity Partners
  • Date of Transaction: 09/30/2026
  • Market: Brooklyn
  • Note: Off-market. First sale in 60+ years.

This transaction involved key representatives in the real estate sector, with Peter Matheos from Matheos Realty Group representing the buyer, The Zirk Family, and Adan Elias Kornfeld from Shiloh Equity Partners representing the seller, The Smith Family. Their involvement facilitated the completion of the deal in a market characterized by a significant period since the last transaction.

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$3,550,000

$325/SF

Retail

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Players

Peter Matheos

Matheos Realty Group

Broker

$70.3M

vol

22 deals

Broker
TF
The Zirk FamilyBuyer
Bilt advertisement

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $325 per square foot on a published $3.6M for 10,900 square feet (2026).

Visit Peter Matheos to view all their deals.

Browse Brooklyn retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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