Purchases Retail Asset In Brooklyn From Irene Tomassetti For $13 Million
$13,000,000
$406/SF
Building Size
32,000 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The asset involved in the transaction is a retail property located in Brooklyn. The sale took place for a total of $13,000,000, measuring 32,000 square feet with a price per square foot of $406.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,000,000
- Square Footage: 32,000
- Price per Square Foot: $406
- Seller: Irene Tomassetti
- Brokers: Erik Yankelovich, Shlomo Antebi & Yosef Katz - Atlas Realty Group
- Date of Transaction: 09/30/2026
- Market: Brooklyn
The brokers representing the transaction, Erik Yankelovich, Shlomo Antebi, and Yosef Katz, are associated with Atlas Realty Group. Their involvement was crucial in facilitating the sale of the retail property.
Players
Market 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93