Updated Dec 19, 2023
Fei Lin Acquires Retail Property On 18th Avenue, Bensonhurst For $4.8M
8521 18th Avenue, Brooklyn, New York 11214, United States
$4,800,000
$931/SF
Building Size
5,151 SF
Asset Type
Commercial
Closing
Jul 19, 2022
About this deal
AI
An 5,159 square feet retail property located at 8521 18th Avenue in Bensonhurst was sold for $4,800,000, resulting in a price per square foot of $940. The transaction took place on 07/20/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
The buyer of the property was Fei Lin, while the sellers were Rama Hakaj and Ramiz Hakaj.
The commercial sale at 8521 18th Avenue, Brooklyn, New York 11214, United States in New York, New York sold for $4.8M in 2022. The building is 5,151 square feet, implying about 931 per square foot on the published price. This page is the New York, New York file for the 8521 18th Avenue, Brooklyn, New York 11214, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 8521 18th Avenue, Brooklyn, New York 11214, United States around 2022. Published consideration for 8521 18th Avenue, Brooklyn, New York 11214, United States is $4.8M, dated 2022. Cite this Fei Lin Acquires Retail Property On 18th Avenue, Bensonhurst For $4.8M sale when underwriting similar commercial product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93