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6424 11th Avenue, Brooklyn,...

Updated Dec 21, 2023

Siulun Alex Sze Acquires Commercial Property In Borough Park, Brooklyn For $3.26M
SOLDCommercial

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

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $415 per square foot on a published $3.3M for 7,856 square feet (2022).

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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

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