Singman Siu Acquires Mixed-Use Property In Sunset Park, Brooklyn For $3.45M
5601 7th Avenue, Sunset Park, Brooklyn, NY, USA
$3,450,000
$796/SF
Building Size
4,334 SF
Asset Type
Mixed-use
Closing
Jan 11, 2021
AI
The mixed-use property located at 5601 7th Avenue in Sunset Park, Brooklyn has been sold in a recent transaction. The property encompasses approximately 4,334 square feet and was sold for a price of $3,450,000, equating to a price per square foot of $796.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,450,000
- Address: 5601 7th Avenue
- Market: Sunset Park, Brooklyn
Singman Siu has purchased the property from Steve Cottone in this transaction. Romain Sinclair of [insert agency] represented both parties as the broker.
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93