Isaac Chera And Isaac Mograby Acquire Mixed-Use Property In Sunset Park For $4.4M
SOLD
$4,400,000
New York
See Similar DealsMixed-use7 SF
Sold 11/23/2022
SOLD
Isaac Chera And Isaac Mograby Acquire Mixed-Use Property In Sunset Park For $4.4M
5102 5th Avenue, Brooklyn, New York 11220, United States
See Similar DealsMixed-use7 SF
Sold 11/23/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$628,571
Total Square Footage:7 SF
Transaction Type:Sale
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.
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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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