Singman Siu Acquires Mixed-Use Property In Sunset Park, Brooklyn For $3.45M
SOLD
$3,450,000
New York
See Similar DealsMixed-use4,334 SF
Sold 01/12/2021
SOLD
Singman Siu Acquires Mixed-Use Property In Sunset Park, Brooklyn For $3.45M
5601 7th Avenue, Sunset Park, Brooklyn, NY, USA
See Similar DealsMixed-use4,334 SF
Sold 01/12/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$796
Total Square Footage:4,334 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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