Joseph Hentze Sells Mixed-use Property In Sunset Park For $3.75M With Brokers Yosef Katz, Erik Yankelovich, Shlomo Antebi & Natan Safdieh
SOLD
$3,750,000
+ 1
New York
See Similar DealsMixed-use9,000 SF
Sold 06/09/2022
SOLD
Joseph Hentze Sells Mixed-use Property In Sunset Park For $3.75M With Brokers Yosef Katz, Erik Yankelovich, Shlomo Antebi & Natan Safdieh
4802 4th Avenue, Brooklyn, New York 11220, United States
See Similar DealsMixed-use9,000 SF
Sold 06/09/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$416
Total Square Footage:9,000 SF
Transaction Type:Sale
A mixed-use property located at 4802 4th Ave. in Sunset Park has been sold for $3,750,000. The property spans 9,000 square feet, resulting in a price per square foot of $416.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,750,000
- Address: 4802 4th Ave.
- Market: Sunset Park
The sale was facilitated by Yosef Katz, Erik Yankelovich, Shlomo Antebi, and Natan Safdieh of Atlas Realty Group Partners LLC, who represented the seller, Joseph Hentze.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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