Jamal A. Khalil Sells Sunset Park Mixed-Use Building To Bifeng Liu For $3.2M
5812 8th Avenue
$3,200,000
$969/SF
Building Size
3,300 SF
Asset Type
Mixed-use
Closing
Aug 9, 2023
About this deal
AI
A two-unit mixed-use building located at 5812 8th Avenue in Sunset Park, Brooklyn has been sold for $3.2 million. The property spans approximately 3,300 square feet and was purchased by Bifeng Liu through their entity, 58 Bk NY LLC. The sale price equates to a price per square foot of $970.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Square Footage: 3,300
- Address: 5812 8th Avenue, Sunset Park, Brooklyn
Bifeng Liu, represented by 58 Bk NY LLC, acquired the property from Jamal A. Khalil's entity, 5812 8 Ave LLC. The sale was completed on the specified date of 08/09/2023. This transaction marks a significant business deal between the buyer and the seller in the Sunset Park market.
Players
Endeavor 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93