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7415 18th Ave, Brooklyn, NY...

PTW Lau Asset Management Acquires Brooklyn Property From Hoan Chi And Others For $1.56M
SOLD

PTW Lau Asset Management Acquires Brooklyn Property From Hoan Chi And Others For $1.56M

7415 18th Ave, Brooklyn, NY, 11204

$1,560,000

$611/SF

Building Size

2,550 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is located at 7415 18th Ave, Brooklyn, NY, 11204. This asset features a total square footage of 2,550 and was sold for $1,560,000.00. The transaction took place in the Brooklyn market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $1,560,000.00
  • Address: 7415 18th Ave, Brooklyn, NY, 11204
  • Market: Brooklyn
  • Buyer: PTW Lau Asset Management
  • Seller: Hoan Chi, Kenny, Thidar A Phuong & Julie Nguyen
  • Buyer's Representative: Tyler Chung-James Capital Advisors, Victor Chung

The deal involved key representatives such as Tyler Chung from James Capital Advisors and Victor Chung, who acted on behalf of the buyer, PTW Lau Asset Management. The sellers were Hoan Chi, Kenny, Thidar A Phuong, and Julie Nguyen, who completed the transaction in the Brooklyn real estate market.

Players

Victor Chung

Broker

$1.6M

vol

2 deals

Broker

Brooklyn CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.17%

Cash-on-Cash

-2.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93