Hong Liu Acquires Mixed-Use Property In Brooklyn For $2.2M
5401 4th Ave, Brooklyn, NY 11220, Estados Unidos
$2,225,000
$49/SF
Building Size
45,360 SF
Asset Type
Mixed-use
Closing
Aug 10, 2020
About this deal
AI
A mixed-use property located at 5401 4th Avenue in Brooklyn has been sold for a price of $2,225,000. The property spans a total area of 4,536 square feet and was sold at a price per square foot of $496. The sale represents a capitalization rate of 4.5%. The transaction took place on August 11, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,225,000
- SF: 4,536
- PPSF: $496
- CAP: 4.5%
The buyer for the property was Hong Liu, while the seller was Havid Carillo. The transaction was brokered by Romain Sinclair from The Greysteel Company. The property was appraised by Char Eaves.
Players
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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93