GKMB Real Estate Sells Mixed-Use Building In Sunset Park Brooklyn For $2.4M With Fred Bijou
4716 5th Avenue
$2,400,000
$571/SF
Building Size
4,200 SF
Asset Type
Mixed-use
Closing
Dec 27, 2024
AI
This mixed-use retail building located at 4716 5th Avenue in Sunset Park, Brooklyn features 4,200 square feet and is priced at $2,400,000. The property includes 2 apartments and an expiring retail space, along with an additional 3,000 square feet of air rights.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Square Footage: 4,200
- Price per Square Foot: $571
- Seller: GKMB Real Estate
- Broker: Fred Bijou - Bijou Equities
- Date of Sale: 12/27/2024
- Market: Sunset Park, Brooklyn
Fred Bijou of Bijou Equities successfully represented both sides in this transaction, concluding a year-end closing on this property positioned on a prime retail block.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93