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5102 5th Avenue

Isaac Chera & Isaac Mograby Acquire Mixed Use Property In Sunset Park For $4.4M With Buyer's Rep Matt Cosentino & Remi Norris - Terracrg
SOLDMixed-use

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

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.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

New York 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