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
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