Isaac Chera & Isaac Mograby Acquire Mixed Use Property In Sunset Park For $4.4M With Buyer's Rep Matt Cosentino & Remi Norris - Terracrg
SOLD
$4,400,000
New York
See Similar DealsMixed-use7,600 SF
Sold 11/23/2022
SOLD
Isaac Chera & Isaac Mograby Acquire Mixed Use Property In Sunset Park For $4.4M With Buyer's Rep Matt Cosentino & Remi Norris - Terracrg
5102 5th Avenue
See Similar DealsMixed-use7,600 SF
Sold 11/23/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$578
Total Square Footage:7,600 SF
Transaction Type:Sale
A mixed-use property located at 5102 5th Ave in Sunset Park has been sold for a total of $4,400,000. The property consists of 7 units with a price per unit of $628,571. The total square footage of the property is 7,600, with a price per square foot of $579.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $4,400,000
- Number of Units: 7
- Price per Unit: $628,571
- Total Square Footage: 7,600
- Price per Square Foot: $579
- Address: 5102 5th Ave, Sunset Park
The buyers of the property are Isaac Chera and Isaac Mograby. The transaction was facilitated by brokers Matt Cosentino and Remi Norris from Terracrg. The involvement of these individuals and companies highlights their role in the deal and their representation of the buyers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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