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5102 5th Avenue, Brooklyn, ...

Isaac Chera And Isaac Mograby Acquire Mixed-Use Property In Sunset Park For $4.4M
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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

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