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
$4,400,000
$578/SF
Building Size
7,600 SF
Asset Type
Mixed-use
Closing
Nov 23, 2022
About this deal
AI
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.
On the Map
$4,400,000
$578/SF
Mixed-use
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93