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

Property Image
SOLD
$1,560,000
Tyler Chung
Victor Chung

New York

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2,550 SF
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Property Image
SOLD

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

7415 18th Ave, Brooklyn, NY, 11204

See Similar Deals
2,550 SF
Tyler Chung
Victor Chung
the dealplayerscompscontact
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Summary

NEW YORK
Price Per Square Foot:$611
Total Square Footage:2,550 SF
Transaction Type:Sale

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
Victor Chung
2 deals$1.6M volume
BROKER
Tyler Chung
James Capital Advisors
Tyler Chung
2 deals$3.7M volume
BROKER

Details

SOLD
IMAGE: 7415 18th Ave, Brooklyn, NY, 11204 MARKET: Brooklyn BUYER'S REP: Tyler Chung-James Capital Advisors, Victor Chung BUYER: PTW Lau Asset Management SELLER: Hoan Chi, Kenny, Thidar A Phuong & Julie Nguyen PRICE: $1,560,000.00 SF: 2550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$83,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,542.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,395.20
Annual Debt Service$88,742.35