Updated Dec 18, 2023
Maya Shrief Acquires Retail Building On Second Avenue In Sunset Park, Brooklyn For $1M
2nd Ave, New York, NY, USA
$1,000,000
$757/SF
Building Size
1,320 SF
Asset Type
Development Site
Closing
Aug 24, 2020
About this deal
AI
A retail building with future redevelopment potential located at 5421 Second Avenue in Sunset Park, Brooklyn has been sold in a closed transaction. The property was purchased by Maya Shrief for a sale price of $1,000,000. The building has a total square footage of 1,320, resulting in a price per square foot of $757. The asking price was $1,100,000, and the building's floor area ratio (BSF) is 6,000, equating to a price per buildable square foot (PPBSF) of $166. The property is situated on a lot with a size of 20 feet, and it is zoned as R6A and C1-3.
Summary of transaction details
- Property Type: Retail building with future redevelopment potential
- Transaction Amount: $1,000,000
- Address: 5421 Second Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
- BSF: 6,000
- PPBSF: $166
- SF: 1,320
- PPSF: $757
- Zoning: R6A, C1-3
- Lot Size: 20 ft
The buyer, Maya Shrief, made the transaction with the seller, Tom Keeley. No additional information is available about the deal's key individuals or the companies involved in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93