SOLDMixed-use
Isaac Chera And Isaac Mograby Acquire Mixed-Use Property In Sunset Park For $4.4M
5102 5th Avenue, Brooklyn, New York 11220, United States
$4,400,000
$628,571/SF
Building Size
7 SF
Asset Type
Mixed-use
Closing
Nov 23, 2022
AI
Located in Sunset Park, the mixed-use property at 5102 5th Ave recently changed ownership through a sale transaction.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $4,400,000
- Units: 7
- Price per Unit: $628,571
- Square Footage: 7,600
- Price per Square Foot: $579
- Address: 5102 5th Ave
- Market: Sunset Park
The buyers, Isaac Chera and Isaac Mograby, successfully acquired the property. The deal was facilitated by brokers Matt Cosentino and Remi Norris from Terracrg.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93