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5505 5th Avenue, Brooklyn, ...

Rosewood Realty Group Represents Joseph Kwon In $5.4M Sunset Park Mixed-Use Sale
SOLDMixed-use

Rosewood Realty Group Represents Joseph Kwon In $5.4M Sunset Park Mixed-Use Sale

5505 5th Avenue, Brooklyn, New York 11220, United States

$5,400,000

$291/SF

Building Size

18,500 SF

Asset Type

Mixed-use

Closing

Feb 24, 2022

AI

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

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93