Updated Dec 21, 2023
Siulun Alex Sze Acquires Commercial Property In Borough Park, Brooklyn For $3.26M
6424 11th Avenue, Brooklyn, New York 11219, United States
$3,260,000
$415/SF
Building Size
7,856 SF
Asset Type
Commercial
Closing
Jul 28, 2022
About this deal
AI
Located at 6424 11th Avenue in Borough Park, Brooklyn, this commercial property was recently sold in a closed transaction. The property is zoned as R6B and C1-3, making it suitable for a variety of commercial uses. The sale took place on July 29, 2022.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,260,000
- Building Square Footage: 6,466
- Price per Square Foot: $504
- Total Square Footage: 7,856
- Price per Square Foot: $414
- FAR: 2.43
- Tax Class: 2B
- Lot Size: 3,233
- Permits: Alteration 2 (01/30/1997)
- Lot Dimension: 32.33 ft x 100 ft
The buyer in this transaction is Siulun Alex Sze, while the seller is Leonard Ungaro. It is worth noting that the property's lot size is 3,233 with a lot dimension of 32.33 ft x 100 ft. The property has an alteration permit dated January 30, 1997.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.87%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93