Eddie Chung Acquires Mixed-Use Property On Ocean Avenue In New York City For $3.45M
SOLD
$3,450,000
+ 1
New York
See Similar DealsMixed-use6,720 SF
Sold 05/19/2023
SOLD
Eddie Chung Acquires Mixed-Use Property On Ocean Avenue In New York City For $3.45M
1781 Ocean Ave Brooklyn, NY 11230, USA
See Similar DealsMixed-use6,720 SF
Sold 05/19/2023
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$513
Total Square Footage:6,720 SF
Transaction Type:Sale
A mixed-use property located at 1781 Ocean Avenue in New York City has been sold for a price of $3,450,000. The property spans over 6,720 square feet, resulting in a price per square foot of $513. The sale was completed on 05/19/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,450,000
- Address: 1781 Ocean Avenue
- Market: New York City
- Square Footage: 6,720
- Price per Square Foot: $513
Eddie Chung served as the buyer in this transaction, while JBS Realty acted as the seller. The deal was facilitated by the broker representatives Brian Whelan, Alix Curtin, and Jermaine Pugh from B6 Real Estate Advisors.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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