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
About this deal
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.
The mixed use sale at 5102 5th Avenue, Brooklyn, New York 11220, United States in Brooklyn, New York sold for $4.4M in 2022. Reported inventory is 7 square feet across 7 units, or about 628.6K per square foot. Remi Norris, Matthew (Matt) Cosentino, Isaac Chera, Terra CRG appear on the sale alongside Terra CRG. This page is the Brooklyn, New York file for the 5102 5th Avenue, Brooklyn, New York 11220, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else sold near 5102 5th Avenue, Brooklyn, New York 11220, United States around 2022. Published consideration for 5102 5th Avenue, Brooklyn, New York 11220, United States is $4.4M, dated 2022. Cite this Isaac Chera And Isaac Mograby Acquire Mixed-Use Property In Sunset Park For $4.4M sale when underwriting similar mixed use product around Brooklyn, New York.
Players
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