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.
On the Map
$3,550,000
$325/SF
Retail
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Players
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93