Rosewood Realty Group Represents Joseph Kwon In $5.4M Sunset Park Mixed-Use Sale
SOLD
$5,400,000
New York
See Similar DealsMixed-use18,500 SF
Sold 02/25/2022
SOLD
Rosewood Realty Group Represents Joseph Kwon In $5.4M Sunset Park Mixed-Use Sale
5505 5th Avenue, Brooklyn, New York 11220, United States
See Similar DealsMixed-use18,500 SF
Sold 02/25/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$291
Total Square Footage:18,500 SF
Transaction Type:Sale
A mixed-use property located at 5505 5th Avenue, 5507 5th Avenue, and 4811 5th Avenue in Sunset Park, Brooklyn recently sold for $5,400,000. The property consists of 18 units, with an average price per unit of $300,000. The total square footage of the property is 18,500, with a price per square foot of $292.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Units: 18
- Price per Unit: $300,000
- Square Footage: 18,500
- Price per Square Foot: $292
The seller of the property was Joseph Kwon. The sale was facilitated by Chaya Milworn and Greg Corbin from the Rosewood Realty Group. They acted as brokers in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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